Why should a SWOT analysis form part of the audit planning process?
Audit does not mean whether the processess set in are in place. Theholistic view of audit is also to alert the stakeholders ofstrategic failures. Hence swot analysis is carried out to ascertainthe strength, weakness, opportunities and threats. Swot analysisenables focus on what is to be done, which area to be looked into agreater detail etc. Hence it forms part of audit planning process.
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