A Business Audit is a systematic assessment of methods and policies of an organization’s management in the administration and the use of asset and resources in operation , tactical and strategic planning, and employee and organizational improvement.
The objectives of a management audit are to
(1) establish the current level of effectiveness,
(2) suggest improvements, and
(3) lay down standards , system and process for future performance.
3rd party audit is crucial since not only it will be from an expert point of view but also from customer point of view . I use 7 PILLAR BUSINESS CONTINUITY AUDIT that i created myself to check whether a business will have continuity or will not sustain. This will give and insight to business owners to see what is coming and prepare themselves.
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