Audit

Why

Audit a product, service, or company to validate the viability for use in a business case, or to determine compliance with regulations used in the applicable sector.

How

Identify critical business processes and systems to be examined in detail. Study the relevant documentation of products and processes. Meet up with experts in the organisation to check if the documentation matches reality. Depending on the target, the audit can be either organisational or technical.

Ingredients

• Audit framework.

• Knowledge of applicable laws, regulations, business practices.

• Ability to ask critical questions.

• Ability to act as a “critical friend”.

Practice

Audits are common practice for companies to demonstrate compliance to specified norms or regulations. An audit usually encompasses vital business processes and their resulting products or services. Certified auditors have successfully completed accredited training programmes in their field.