2. **How do various frameworks and standards, such as the Global Reporting Initiative (GRI) or the Sustainability Accounting Standards Board (SASB), guide the non-financial reporting process?
**What are the key non-financial indicators that companies typically report, and how do they impact stakeholders' assessments of a company's performance?
**Cultural Influences?
In what ways can financial ratio analysis be used to evaluate a company’s performance and financial stability using information from its balance sheet and income statement?
How does the cash flow statement complement the income statement in assessing a company's operational efficiency and liquidity position?
What are the key components of financial statements, and how do they interrelate to provide a comprehensive overview of a company's financial health?
These questions can help guide discussions or considerations regarding internal audits in an organization.?
3. **What are some common challenges faced during the internal audit process, and what strategies can be implemented to overcome these challenges to enhance audit effectiveness?
2. **How can an organization ensure the independence and objectivity of its internal auditors, especially in environments where internal audit functions report directly to senior management or ...
**What are the primary objectives of conducting an internal audit, and how do they align with an organization's overall strategic goals?