Considerations for internal audits
If properly prepared for and executed, internal audits are an exceptionally useful tool to give shape and substance to quality assurance and keep it top of mind for all members of an organization. In practice, it is not always easy to conduct an effective audit. Many organizations choose to outsource their audits instead.
Consulting firm Herrmann has been conducting audits for myriad clients on an almost daily basis, in addition to frequently training new auditors. We’ve invited owner Arnold Herrmann to share more about this topic and discuss the pros and cons of bringing in external parties for internal audits.
Why should you consider bringing in someone from outside the organization to conduct an audit?
Identifying issues faster and more efficiently
Why? Your own people are far more familiar with the organization and its processes, which allows them to identify issues faster and more efficiently, right?
Auditing: yes or no?
Are you saying that it is best not to have your own people conduct any audits at all?
Can a case be made for bringing in an external auditor?