Strategic and Operational Process Review Report

This audit report summarizes a strategic and operational review of a company’s business environment and production processes. The objectives of the review are as follows: obtain an understanding of a company’s business environment and strategic processes, evaluate the internal control environment and the effectiveness and efficiency of the processes, and identify opportunities for internal control and process improvements.

Sample issues noted in this report include:

• Certain operations do not have a formal documented business plan that describes the strategic business objectives of the organization. As a result, critical business objectives have not been properly communicated, deployed or implemented effectively.
• Newly acquired operations do not have a formal documented business risk assessment process. The business risk assessment will provide management with adequate basis to address critical business processes in need of corrective action.
• Policies and procedures are not completely and accurately developed for all key areas of production planning (scheduler, centralized planner and business line planners). As a result, procedures followed may not be in compliance with management objectives.