The paper "Gap Analysis, Implementation and Audit in an Organization" is a great example of a finance and accounting essay. Gap analysis involves a logical follow-up to an assessment of a threat (Newman 250). This involves making an assurance that all problems have been identified and whether suggested solutions, as well as countermeasures, have been identified or not. Conducting regular reviews of day-to-day practices in an organization and comparing them with threat assessment documentation can help reveal gaps in the normal operations of an organization and thus identification of the measures that need to be implemented to deal with the situation.
Closely related to this is the term auditing, which refers to the independent examination of financial information of any organization, be it profit-oriented or not, and regardless of its size or legal form, when such assessment is carried out with an objective to express an opinion about the organization (Kumar and Sharma 3). In view of the information above, this paper discusses the procedures involved in a pre-assessment audit, identifies the steps involved in an internal audit, and discusses the benefit that accrues to an organization when it conducts an internal audit. Procedures involved in a Pre-Assessment Audit Before an organization undergoes a full certification audit, it is recommended that the organization conduct a pre-assessment audit.
The purpose of conducting the pre-assessment audit is to ensure that the organization is ready to proceed with the full certification audit (NIOSH Certification). On the day of doing the pre-assessment, the certification body will come to the organization and conduct a detailed review of compliance with each element of the required standards (NIOSH Certification). The pre-assessment audit process involves some pre-audit planning and an agenda, an opening meeting, a site tour, a document review process, conducting of employee interviews, a closing meeting and production of non-conformity reports (Woodside and Aurrichio 134).
Arter, Dennis R., Charles A. Cianfrani and Jack West. How to Audit the Process-Based QMS. New York: ASQ Quality Press, 2003.
Kumar, Ravinder and Virender Sharma. Auditing: Principles and Practice. New York: PHI Learning Pvt. Ltd., 2005.
Lehman Brown International Accountants. “The Objectives and Benefits of an Internal Audit” [13 March, 2009 Issues 5]. 4 June 2011.
Newman, Robert C. Computer Security: Protecting Digital Resources. New York: Jones & Bartlett Learning, 2009.
NIOSH Certification. “Pre-assessment audit” 2011. 4 June 2011. http://www.ncsb.com.my/?page_id=215
Puncel, Luis. Audit Procedures 2008. New York: CCH, 2007.
Sharma, Ashok, Auditing, New Delhi: FK Publications (not dated).
Woodside, Gayle and Patrick Aurrichio. ISO 14001 Auditing Manual. New York: McGraw-Hill Professional, 2000.