what are the 5 c s of internal audit 
internal audit reports often outline the criteria condition cause consequence and corrective action these five areas report why the audit was performed what caused the reason for the audit how the audit will be performed what the auditor aims to achieve and what steps will be taken after the audit findings are presented the bottom linean internal audit is a process that allows a company to self select an audit team to carry out the review of its operations the company can often define the scope of the internal audit in addition the company can often choose almost any reason to conduct an internal audit though internal audits are less useful for meeting external reporting requirements they hold tremendous value for improving internal operations as well as informing management ways the company can get better 