The internal audit activity for an educational organization is a functional-independent and objective activity, which gives assurance and advice to the management for the good administration of the institution. Internal audit is regulated by a number of national and international regulations (standards), but the entity may develop its own internal regulations for the organization of this activity. The proper conduct of the audit will contribute to the achievement of the organization’s objectives, assessing and improving the efficiency and effectiveness of management systems, based on risk assessment, control and management processes.