| Abstract: | Internal auditing is essential to an organization's governance and operations. When implemented,
operated, and managed effectively, it is a crucial factor in assisting an organization in achieving its
goals. Organizations that utilize internal auditing effectively are better able to identify business
risks, process and system inefficiencies, implement the necessary corrective measures, and
ultimately support continuous improvement. So it needs effective implementation and administration.
Consequently, the purpose of this study was to investigate the internal audit practice at lion
insurance. Specifically, how the internal audit functioned in accordance with audit work quality,
audit work scope, the level of independence of the internal audit function, how company internal
auditors identified the risk problem, how to assess risk, and the quality of the internal audit plan
with clarity regarding internal audit personnel. The information was gathered via questionnaire. In
order to answer the research questions, questionnaires were distributed to internal audit company
employees. The collected data were analyzed by using quantitative method. Lion insurance SC have
adequate and competent audit staff however, there is a weakness in providing trainings as a result it
lacks professionals. The audit work quality of coverage area planning activity controlling process
needs improvements in terms of communication of audit findings with little weakness in the follow-up
to correct the findings. Based on finding lion insurance not that much good practices in audit case |
