Auditing and Reporting of Business Performance Coursework

Auditing and Reporting of Business Performance - Coursework Example The Internal Auditing System need to follow a structured model within the organization's business framework that enables the business data to be fetched from various data sources such that they can be mapped with the Strategic Business Objectives within the auditing framework. Given that the strategic objectives of every business would be different, an empirical analysis pertaining to an industrial sector in general may not be completely useful to every company in that Industry. However, Organizations can definitely get the direction on the methodology that can lead to successful implementation of an Internal Auditing system which in turn can help in mapping the internal systems & processes of the organization with the strategic business objectives. This research is an attempt to establish such an empirical generalization pertaining to the modern practices in auditing and improvement of Business Performance (Hewitt, Bill. 2008. pp50; Pollieri, Maria. 2007. pp26-30; Boerner, Hank. 200 7. pp41-43; James, Mick. 2008. pp27-28) While an external auditor can add value to the internal auditing system of an organization, the actual contributions would be tangible from the internal auditing team only. ... This is because the reports being put forward to the executive management would be effectively modelled and consolidated by an internal team possessing in depth knowledge of the business system of the organization. Given the role & positioning of Internal Auditors, they are best placed to analyze and build these analytical models and generate audit reports that shall help the executive management to take timely proactive steps in order to protect the current competitive advantages as well as form new competitive advantages of the organization in new market segments, locations or countries. These models deliver intelligently analyzed reports pertaining to business performance and hence are commonly known as "Business Performance Management (BPM)" that is supported by the "Business Activity Monitoring (BAM)" systems. A BAM system has the potential to enable a business towards partial or full automation of business modelling & reporting thus ensuring better Process Efficiency, enhanced Employee Productivity, enhanced Customer satisfaction & retention, Transparency, Accuracy & Security of Business Information, improved compliance to Statutory Requirements & Regulations, and finally protection of Business & enhancement of Bottom Lines. The BPM practice essentially changes the way a business operates thus making it more structured, disciplined, informed and well aligned towards the business goals. Such a system unleashes a number of secrets of correlations and analysis pertaining to the business dynamics delivered with excellent levels of accuracy. The Internal Auditors are informed with accurate and consistent data from a tightly integrated and controlled system. (Landry, Steven. P, 2008. p218; April, Carolyn A. and Margulius David L. 2002. pp27) Table of

Week 6 post class 6340 Assignment Example | Topics and Well Written Essays - 250 words

Week 6 post class 6340 - Assignment Example This is so because there are many volunteers in many health care departments but not many really carry out the roles of teaching like a nurse who is a service learner that is really noble of you (Groh, Stallwood and Daniels, 2011). I had really not thought about the role technology plays in higher education and especially having more people take up nursing degrees because higher education learning will be easier than it is currently and more than it was in the past. Thank you for such insight and I totally agree with it and especially if nursing shortage is to have a permanent solution (Zarate and Burciaga, 2010). Your current work position of being a director of education is the best position to advocate for specialty certification for nurses because you have not only the capability but also power to motivate, challenge and teach about the professionalism that accompanies having a certificate and it will also open up future job opportunities and trust from prospective employers (National League for Nursing, 2009). American Association of College Nurses, (2013). Defining Scholarship for the Discipline of Nursing. Retrieved on February 10, 2013 from: