Operational Audit: Best Practices Used by the Experts | Process Street | Compliance Operations Platform
2:50
process.st
Operational Audit: Best Practices Used by the Experts | Process Street | Compliance Operations Platform
70% of all businesses fail within the first 10 years. Business owners reading this: for every ten of you, 7 will fold. Despite that morbid start, I begin this Process Street article looking at the operational audit. I will demonstrate how using an operational audit can refine, improve, and evolve your business operations, setting you
Feb 5, 2020
Audit Procedure Steps
Citizens highlighting these businesses is a good thing. It creates visibility and gives government officials clear targets to audit. Audits are how you actually determine whether fraud is happening or not. Ignoring it helps no one except bad actors. And basic on-the-ground questions like asking neighbors if kids are ever coming and going is a reasonable starting point. Transparency shouldn’t be controversial if everything is legitimate.
2:57
Citizens highlighting these businesses is a good thing. It creates visibility and gives government officials clear targets to audit. Audits are how you actually determine whether fraud is happening or not. Ignoring it helps no one except bad actors. And basic on-the-ground questions like asking neighbors if kids are ever coming and going is a reasonable starting point. Transparency shouldn’t be controversial if everything is legitimate.
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