– It is inherently objective and auditors' biases cannot and do not affect its outcome;
– It streamlines documentation requirements and eliminates excessive paperwork burden;
What a value-added audit system is not, does not have or does not do
– It is not inherently subjective to the extent of requiring extrinsic controls against auditors' biases;
– It does not invariably ask for the same things to be checked from year to year thereby drawing draw attention to things that should not be of concern while preventing sufficient attention to things that should be of concern;
You should take a close look at your current audit systems (internal or external) individually. How many of these elements apply to each? This shows its value-added rating.
Related workshop presentations are planned for the Toronto SSQA Conference :.