BCINC Canada Assists Small and Mid Sized Businesses With Operational Audits I Productivity I Manage Documents I Reduce Equipment Downtime
Understanding the benefits of an internal audit help enhance and protect business integrity through risk-based internal controls, objective assurance, and recommendations for continuous improvement. Many employees do not like these audits as they view them as being conducted for punitive purposes. This is increasingly being debunked as internal audits are seen to operate in a … Read more
Many small businesses typically ask why an internal audit is required, derived from the belief that it is generally only necessary in larger, more complex businesses. Without fully understanding what an internal audit can help to improve, it is difficult to see value in the exercise. Businesses that are constantly in a process of churn … Read more
There are several benefits of Business Process Mapping which is a powerful tool used to visually document the steps in a current process from beginning to the end. It identifies people involved, their roles, inputs, available controls, and outputs. Mapping sets a baseline to the current state of a business from which improvement initiatives can … Read more
What is a business management system? As cumbersome as it sounds, it is only a framework used to organize and manage the policies, processes and procedures used to create and implement goal achieving strategies. Each system is usually adapted to the specific needs and goals of a business. Furthermore, they follow the PDCA (Plan-Do-Check-Act) cycle … Read more
