Internal Audit
Internal Audit
A process audit seeks to improve the selected processes by finding out how the processes are performing against defined criteria.
One of the benefits of having a process audit is the intense focus it brings to the processes selected. This means that the auditor may be spending 1, 2, or more days on a single process, reviewing all aspects of it, from top to bottom, within the defined criteria. Such an exercise is bound to find several opportunities for improving the process in a significant way.