In this Compliance Officers Playbook podcast episode, we break down the core purpose of internal auditing—from its foundation in independence and objectivity to the two key services it provides: assurance and consulting. We highlight how assurance offers an unbiased assessment of risks and controls, while consulting supports improvement without taking on management roles. At a high level, we show how internal audit helps organisations achieve their goals by strengthening governance, risk management, and internal controls through a disciplined, structured approach.