{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

M3_internal audit

M3_internal audit - TheInternalAudit insidethefirm...

Info iconThis preview shows pages 1–10. Sign up to view the full content.

View Full Document Right Arrow Icon
The Internal Audit
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Purpose of Internal Audit To identify and evaluate what’s going on  inside the firm. To assess strengths and weaknesses. To make decisions about the future of  the organization.
Background image of page 2
rategic Management amework
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Relationships Between the Internal Audit, the External Audit and Competitive Advantage STRATEGY EXTERNAL AUDIT COMPETITIVE ADVANTAGE INTERNAL AUDIT RESOURCES TANGIBLE INTANGIBLE HUMAN Financial Physical Technology Reputation Culture Specialized skills and knowledge Communication & interactive abilities Motivation Power of Buyers & Suppliers Threat of New Entrants & Substitutes Rilvary among Competitors
Background image of page 4
SWOT
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Internal Audit Process Stage 1:  Assess Performance Stage 2:  Analyze Value Chain Activities Stage 3: Understand Core Competencies Stage 4: Determine Strengths and  Weaknesses
Background image of page 6
Stage 1: Assessment of Performance Identify potential strengths &  weaknesses Source of information: financial reports customer and employee surveys and  interviews market share analyses market research studies internal staffing standards productivity reports
Background image of page 7

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Analysis of the Assessment Tools Trend Analysis Benchmarking Ratio Analysis
Background image of page 8
Trend Analysis Trend Analysis is when you compare  financial  data from one period to another  period.Revenue Trends – Growth rates of revenues (overall, by region, by  business unit) Earnings Trends – Growth rates in profits (gross margin, operating  income, net income)  Stock Price Trends – Change in the value of the firm’s stock
Background image of page 9

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 10
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}