27/10/2023
I always tell my clients to put premium on internal audits over 3rd-party audits. Sure, 3rd-party audits can give you a piece of paper you can hang on the wall, but the view of the 3rd-party auditors is often times, myopic.
The internal auditors are exposed to the organizational changes and challenges, personalities, attuned to the culture, and concerns such as dissatisfied customers, compliance issues, information security incidents, resource constraints, and other business realities.
As such, the internal auditors can be deployed quickly to aid in root cause analysis, corrective action planning, and the overall improvement of the organization.
The 3rd-party auditors' view is like looking, and observing at a photo, or a 5-second GIF, and generating their findings from what they see during the limited interaction time with the organization.
The internal auditors are watching a 4K video, with excellent sounds, and subtitles.
Now, who can offer a better review?
Richard Regalado
Co-founder and Principal Consultant
EIAN Management Consulting