Abstract: This chapter examines how operational auditors look for opportunities for business processes to be done differently so as to improve their effectiveness, efficiency and economy. At the very least they are intending to provide assurance to management and to the board that business processes are effective, efficient and economic. Business objectives are achieved through successful processes within the operational areas of the business. The internal audit scope should not be merely to explore how operations are accounted for and administered. Business operations often include elements which are highly technical and which are essential if operational objectives are to be achieved. The focus of a benchmarking exercise can be varied in relation to the fundamental justification and objectives of the process. For example, if the objective was primarily to examine the existing processes within the organization as a means of identifying common factors and best practices to apply throughout the company, the focus could be said to be downward and inward.
Publication Year: 2012
Publication Date: 2012-01-02
Language: en
Type: other
Indexed In: ['crossref']
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot