Adding a Traceability Review to the External Audit

摘要

External audits are designed to provide peace-of-mind to key company stakeholders not involved in the company's day-to-day operation. Without third-party audits, stakeholders must rely solely upon status updates from management to understand the stateof a company. While these updates are usually accurate and fairly represent a company's status, there have been disconnects between management guidance and actual operational events, resulting in catastrophic stakeholder consequences. The third party, external audit is designed to minimize these unpleasant surprises.