THE IMPORTANCE OF PERFORMANCE AUDIT AND RISK FORECASTING
THE IMPORTANCE OF PERFORMANCE AUDIT AND RISK FORECASTING
Author(s): Alice STEFANESCU, Monica TriculescuSubject(s): Business Economy / Management, Management and complex organizations, Accounting - Business Administration
Published by: Facultatea de Management, Academia de Studii Economice din Bucuresti
Keywords: Performance audit; operational audit; risk management; performance measurements;
Summary/Abstract: Effective business operations are the result of correct implementation and coordination of resources for the pursuit of business objectives. Organizations exist to reach a goal, and the processes are designed for this purpose. These processes are in turn staffed by people whose number and set of skills contribute to the fulfillment and are assisted by technology or machines. As a result, success is the outcome of proper planning and effective alignment of people, processes and technology. This article highlights the necessary steps, thought processes and risks involved in running a successful organization, and all the aspects included in the concept of “performance”.
Journal: Business Excellence and Management
- Issue Year: 12/2022
- Issue No: 3
- Page Range: 30-39
- Page Count: 10
- Language: English