Strategic audit is the very essential and useful tool to evaluate the internal controls and to check the compliance of the company operations according to the company goals. In other words we could say that strategic audit refers to check that whether the internal processes are aligned with the company goals or not. It involves various elements with it to perform strategic audit. There are several advantages and disadvantages for using strategic audit as the framework.
Advantages includes that the proper controls will be implemented which will help in attaining the company's desired objectives. Risk of failure gets lower by the help of strategic audit as it evaluates everything in auditing the different elements. It alerts the management before the event happens or it...
Excerpt from file: StrategicAudit: Strategicauditistheveryessentialandusefultooltoevaluatetheinternalcontrolsandto checkthecomplianceofthecompanyoperationsaccordingtothecompanygoals.In otherwordswecouldsaythatstrategicauditreferstocheckthatwhethertheinternal
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