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  • Chapter 8: Quality Control: Questions 3 To 5

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    Janeth Navales
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    This document discusses quality control and internal auditing. It explains that operational audits should focus on management's business objectives, and auditors should identify objectives if they are unclear, unrealistic, or cannot be verified. An elevator pitch to explain that internal controls enable business success rather than hinder it is provided. Finally, Lean and Six Sigma methodologies are related to internal auditing work as they aim to reduce waste and variation through statistical analysis.

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    Chapter 8: Quality Control

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    REPORT PPT CHAPTER 8

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    This document discusses quality control and internal auditing. It explains that operational audits should focus on management's business objectives, and auditors should identify objectives if they are unclear, unrealistic, or cannot be verified. An elevator pitch to explain that internal controls enable business success rather than hinder it is provided. Finally, Lean and Six Sigma methodologies are related to internal auditing work as they aim to reduce waste and variation through statistical analysis.

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    610 views12 pages

    Chapter 8: Quality Control: Questions 3 To 5

    Uploaded by

    Janeth Navales
    This document discusses quality control and internal auditing. It explains that operational audits should focus on management's business objectives, and auditors should identify objectives if they are unclear, unrealistic, or cannot be verified. An elevator pitch to explain that internal controls enable business success rather than hinder it is provided. Finally, Lean and Six Sigma methodologies are related to internal auditing work as they aim to reduce waste and variation through statistical analysis.

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    of 12

    CHAPTER 8: QUALITY

    CONTROL

    Questions 3 to 5
    Q3.Explain the importance of focusing operational audits on
    managements business objectives. What should be done if
    business objectives have not been identified or are inadequate
    (e.g. unclear, unrealistic and completion cannot be verified).
    Q4.Prepare an “elevator pitch” to explain to someone that internal
    controls are not obstacles to business success but rather enablers.
    Q5.How are Lean and Six sigma methodologies related to the
    work of internal auditors?
    Question #3
    Explain the importance of focusing operational audits on
    managements business objectives. What should be done
    if business objectives have not been identified or are
    inadequate (e.g. unclear, unrealistic and completion
    cannot be verified).
    Business objectives

     are the specific and measurable results


    companies hope to maintain as their
    organization grows.
    Objectives includes these questions:
     Where do we want to go?

     Where are we now?

     How do we get to where we want to be?

     How do we know if we are making


    progress
    Operational Audits

     Are audits that focus on the


    effectiveness, productivity
    and cost efficiency of the
    operations of the business
    Question #4
    Prepare an “elevator pitch” to explain to someone that
    internal controls are not obstacles to business success but
    rather enablers.
    Elevator pitch

     Is a brief, persuasive speech that you use to speak interest in what your organization does
    and it should be no longer than 30 minutes.
    It has 8 components:
    1) Greeting
    2) Industry,field,job title or company
    3) Accomplishments, background qualifications and skills
    4) What you want to do and why
    5) Why you enjoy what you do
    6) What interests you about the listener’s company or business
    7) What sets you apart from others
    8) Tagline or mission statement
    Hi,I’m Janeth.I’m currently working as an internal
    auditor in Kronos Company. With a wide breadth of
    experience in internal auditing especially in consulting
    Example and monitoring the financial statements, I must say that
    internal controls are not obstacles to business but rather
    of enablers.
    Elevator I enjoy what I do because I love summarizing and
    Pitch analyzing things that involves a number, maybe if I have
    at time in the future. I want to work with a challenging
    environment that still involved consulting other people
    and helping them in their businesses.
    With my passion in auditing, I think I am helpful to the companies
    by double checking the risks and providing them with reasonable
    assurance regarding the achievement of objectives for their
    success.
    My goal is to help organizations by helping them minimize the risks
    or threats that can jeopardize the achievement of their purpose.
    Question #5
    How are Lean and Six sigma methodologies related to
    the work of internal auditors?
    Lean and Six sigma

    SIX SIGMA LEAN METHOD

     It was developed with a


     Is entirely focused on
    very specific goal ,it eliminating waste,
    reduce variation and defect providing maximum value
    rates in production to customers with the
    processes through statistical lowest possible amount of
    analysis.  investment. 
    THANK
    YOU!
    4x3

    16x9

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