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To Perform an External Audit, a Company First Must Gather

question 2

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To perform an external audit, a company first must gather competitive intelligence and information about economic, social, cultural, demographic, environmental, political, governmental, legal, and technological trends.

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Definitions:

Maximizing Effectiveness

The act of making the best or most efficient use of resources, time, or effort to achieve a desired outcome.

Request For Proposals

A formal document issued by an organization inviting suppliers or service providers to submit a proposal on a specific product or service.

Company Background

Information detailing the history, foundation, values, and key achievements of a business or organization.

Proposal Requirements

The specific criteria, guidelines, or conditions that must be met in a proposal to ensure it is complete, competitive, and compliant.

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