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Situation Audit: Meaning and Process | Company | Auditing

In this article we will discuss about:- 1. Meaning of Situation Audit 2. Process of Situation Audit 3. Fundamental Purposes 4. Description of Contents. Meaning of Situation Audit: Strategic planning is the process of making current risk-taking decision with the best possible knowledge of the future consequences and situations. It thus requires sensing of expectations and needs, creating awareness throughout [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Auditing|Comments Off on Situation Audit: Meaning and Process | Company | Auditing
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Stages Involved in Strategy Audit Programme | Strategic Management

The strategy audit programme is conducted in three stages in succession as following: 1. Diagnosis 2. Focused Analysis 3. Recommendations. Stage # 1. Diagnosis: It includes the following: (i) Reviewing key documents, such as: Strategic plan, Business or Operational plan, Organisational details, Major policies affecting matters, such as resources allocation and performance measurement. (ii) Reviewing performance against yardsticks (strategically determined) [...]

By |2017-03-04T15:07:51+05:30March 4, 2017|Auditing|Comments Off on Stages Involved in Strategy Audit Programme | Strategic Management
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