Auditing balance the Organisation and its Assets
I feel that is the notion about Auditors at large. I don’t deny it, because we are trained to find the gaps that others cannot see or may prefer to ignore.
But there is also a very big part of value addition that Auditing brings to the organisation which is seldom realised, including its benefits.
I list below few of the underlying benefits of Auditing, which are not often discussed in the professional world, for people to realise how the Organisations are balanced because of Auditing.
- Employees do not work for any individual but for the organisation.
- There is no private ownership of company assets. All company assets belong to the Organisation as a whole and not to an individual.
- Management is part of the Organisation and NOT the Organisation itself. Organisation is governed based on its policies and objectives, and not by the virtues of leadership.
- There is clear segregation of duties and line of reporting established, ensuring Supervisors are aware of the actions performed by their teams.
- Employees are self-monitoring and self-disciplined. That is, Employees complete their responsibilities and stand accountable for them.
- Every Change is planned with Care. Consider every effect on the Organisation and its assets, that is, people, process and tools.
A common mistake that organisations do is to create a fear about Auditing, rather than looking at it as an activity of self-assessment and guidance that enforces the practice - “Organisation First”.