|
The firm will build audits and controls to protect
its ability to manage maintenance as a full player in
its business success
|
Stage |
Design issue |
|
Assess business risk: |
Where would discrepancies in the processes,
conduct and outcome of lead abilities present a
pervasive, significant risk to the returns the
firm has executed? |
|
Define audit points: |
What does the firm need to know to periodically
and continuously ensure that the discrepancies
are not occurring? |
|
Design controls: |
What controls must the firm put in place to
fulfill the firm’s audit needs? |
|
Manage audits and controls: |
How will the firm manage and ensure the
continuing integrity of its ability to audit and
control maintenance as part of the business? |
ERP-type
technology makes strong audit and control an easy
achievement; meanwhile, requiring almost no day-to-day staff power
Links to related
information:
Book:
Maintenance Reinvented and Business Success,
Chapter 10, Audit and control for business returns. |
