An Operational Audit is a review of the internal processes of a company. Its goals are to determine if company resources are being used efficiently and to identify ways to improve systems. The review includes various tasks, such as financial and operational controls, the condition of systems, activities, policies and procedures and human resources allocations.
Internal Audit can be a valuable resource when working with third-party auditors since internal audit can supply the third-party auditor with control objectives used by the organization as well as the mappings to common frameworks for assessment. This activity allows third-party auditors to better understand the assessment activities performed by the organization and provide an assessment or opinion of the organization’s compliance efforts.