Internal Audit: Guardian of Financial Integrity Amidst Global Uncertainty

Abstract

Internal audit plays a critical role in maintaining the financial integrity of companies, especially amidst increasing global uncertainty. This study aims to explore the contribution of internal audit in improving accountability and transparency of financial reporting. Using qualitative methods through a case study approach, data were collected through in-depth interviews with internal auditors and managers in various multinational companies. The results of the study indicate that effective internal audit is not only able to detect and prevent fraud but also provide strategic recommendations for better risk management. In the context of global uncertainty, internal audit serves as a watchdog that supports data-driven decision making, ensuring that the company's financial practices are in accordance with applicable standards and regulations. These findings underscore the importance of developing internal auditor competencies and strong collaboration between the audit function and management to achieve higher accountability and transparency goals.