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Nearly all the major initiatives undertaken by corporate executives today are called “strategic”. With everything having high strategic importance, it is becoming increasingly difficult to distinguish between the many priorities and imperatives that are initiated in organizations.
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Nearly all the major initiatives undertaken by corporate executives today are called “strategic”. With everything having high strategic importance, it is becoming increasingly difficult to distinguish between the many priorities and imperatives that are initiated in organizations. When everything is clearly strategic, often nothing strategic is clear. When everything is designated as a high priority, there are, in reality, no priorities at all.A strategy audit involves assessing the actual direction of a business and comparing that course to the direction required to succeed in a changing environment. A company’s actual direction is the sum of what it does and does not do, how well the organization is internally aligned to support the strategy, and how viable the strategy is when compared to external market, competitor and financial realities. These two categories, the internal assessment and the external or environmental assessment, make up the major elements of a strategy audit.The purpose of a strategy audit is to arm managers with the tools, information, and commitment to evaluate the degree of advantage and focus provided by their current strategies. An audit produces the data needed to determine whether a change in strategy is necessary and exactly what changes should be made.
Understand the role and impact of the internal audit function
Develop the role of the audit function
Conduct effective and objective audits and reporting
Effectively contribute to organizational audit strategy
Engage and work effectively with stakeholders
Planning an audit and the strategy
Assessing the capabilities of the audit function
Understanding and assessing the risk management maturity of your organization
How to deal with disasters and recurring problems
Undertaking a risk-based audit
How to put governance into practice in an audit
Identifying the potential audit areas
Internal Audit Directors
Chief Audit Executives
Audit Managers
Senior Auditors
Auditors who need an appreciation of strategic business management
Other senior Assurance professionals such as Compliance Officers and Senior Quality Auditors
Nearly all the major initiatives undertaken by corporate executives today are called “strategic”. With everything having high strategic importance, it is becoming increasingly difficult to distinguish between the many priorities and imperatives that are initiated in organizations. When everything is clearly strategic, often nothing strategic is clear. When everything is designated as a high priority, there are, in reality, no priorities at all.A strategy audit involves assessing the actual direction of a business and comparing that course to the direction required to succeed in a changing environment. A company’s actual direction is the sum of what it does and does not do, how well the organization is internally aligned to support the strategy, and how viable the strategy is when compared to external market, competitor and financial realities. These two categories, the internal assessment and the external or environmental assessment, make up the major elements of a strategy audit.The purpose of a strategy audit is to arm managers with the tools, information, and commitment to evaluate the degree of advantage and focus provided by their current strategies. An audit produces the data needed to determine whether a change in strategy is necessary and exactly what changes should be made.
Understand the role and impact of the internal audit function
Develop the role of the audit function
Conduct effective and objective audits and reporting
Effectively contribute to organizational audit strategy
Engage and work effectively with stakeholders
Planning an audit and the strategy
Assessing the capabilities of the audit function
Understanding and assessing the risk management maturity of your organization
How to deal with disasters and recurring problems
Undertaking a risk-based audit
How to put governance into practice in an audit
Identifying the potential audit areas
Internal Audit Directors
Chief Audit Executives
Audit Managers
Senior Auditors
Auditors who need an appreciation of strategic business management
Other senior Assurance professionals such as Compliance Officers and Senior Quality Auditors
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