10 Steps to solving market problems in Internal audit
An audit is nothing but a detailed and objective analysis of the financial and operation aspects of an organization, to ensure that the company is in compliance with the expected standards. There are various types of audits, mainly financial audits which gets into the details of the financial records, a compliance audit to ensure the firm is complying with the applicable laws, internal audit which is an independent, objective assurance and consulting activity which is designed to improve and add value to an organization. Internal Auditors help organizations solve problems, however, organizations are not always keen on audit firms, not understanding how they could add value. As an audit firm, how can you add this value to organizations? Well, the answer is quite simple – by understanding the market problems and solving them. Let’s talk about how you can get this done. - Start with understanding everything about the organization, their line of business, how well