Internal auditingteams must check whether or not your company is incorporating its strategic objectivesin audit plans and other operational concerns. Your company will face existential risk due to strategic risks . Strategic risks may cause 80% damage to your company’s market share. Often, internal audit teams spend the majority of their time on operational and financial audits ignoring the strategic risks. Although all these areas are crucial, audit teams need to incorporate your company’s strategic objectives into their audit plan. This will help you to gain an insight of whether or not your company is on the right track or not. At VGNC, we believe that internal audit is incomplete without incorporation of strategic objectives. Today, we will discuss a few methods using which you can incorporate your company’s strategic objective in your audit plan. Bottom-UpApproach One of the popular approaches used in investing, this method can help you to ensur...
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