DIP: 18.02.035/20251002 
DOI: 10.25215/2455/1002035 
Abstract
Competitive business in the present market environment requires the seamless implementation of strong internal control systems for checks and balances; effective auditing plans combined with risk management mechanisms are fundamental for the survival of the organisation and need to be adhered to with stringent regulatory conformit. This study examines current audit practices, whether traditional or technology oriented, and the extent to which these methods are used to detect, evaluate, and control financial and operational risks. Focus is given to how internal and external audits enhance better governance, transparency, and control mechanisms. The study also presents an explanation of audit synergies with Enterprise Risk Management (ERM), providing an understanding of how proactive auditing enhances the processes of risk identification and response planning. By examining current and developing practice, the study highlights the significance of adaptability, ongoing surveillance and strategic auditor-risk manager cooperation in respect of organisational resilience.
The author(s) appreciates all those who participated in the study and helped to facilitate the research process. 
The author(s) declared no conflict of interest. 
ISSN 2455-670X