In a very competitive business environment of these days, the top managements need to understand the performance laps in the system which contribute inefficiency and underperformance of overall organization.
Organization's 06 strategic components :
Each department has its own KPI and hierarchy to achieve its strategic goals. The underperformance of any of these departments has the potential to contribute to a loss towards overall performance of a commercial organization and it might lose its overall target, register loss, less profit than anticipation or register a false/negative profit to the organization with delaying effect and this will have impact on next year may continue year after year.
Audit Expectations:
Improvement in strategic controls by 15-25%
Reduction in departmental cost by 08-10 %
Reduction in overall losses by 05-07%
Increment in the profit by 05-07 %
Efficiency paradigm improvement up to 09-14%