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The Rise of Digital Internal Audit

10-30-2020 12:42 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Value Growth Audit

With digitalization & automation extending their roots in the management consulting industry

With digitalization & automation extending their roots in the management consulting industry

Businesses today believe and invest in internal audits to increase their management's efficiency and effectiveness. Internal audits are like management audits for the assessment and evaluation of business management. The business hires a consultant or management professional to know the external view on business management and gather necessary information for the same. Digital internal audit is a recently launched platform that helps businesses in achieving a better and more in-depth analysis of their management.

As the name suggests, this is a digitalized and automated version of an internal audit. Today digitization and automation are the growth builders and determiners of every industry. So digital internal audit has been demanded by businesses and provided by management consultants for increased accuracy and wider & in-depth reach. Digital internal audit can centre to several diverse and varied departments of a business, and that too analyzes them from the core.

Every department's potential and actual threats, risks, strengths, opportunity, performance, deviation, and output is thoroughly analyzed. Currently, it's a relatively new and fresh platform which only plans to be updated with time to be the most advanced, in-depth, and analytical management platform. The digital internal audit is created from the cooperation of highly regarded management professionals and innovative engineers. Various expert and experienced professionals provided suggestions, advice, and knowledge.

The basic idea behind this platform is to digitize and automate the process of internal management audit, by coming up with an advanced platform that examines all the business activities, studies the methods, calculates the risk, and provides an accurate future prediction of threats and losses. The platform also provides standard automated solutions which then the management professionals customize as per the business needs. Thus this platform can be taken as a dynamic step towards digital transformation in the management consulting industry.

The most important feature that this platform has is that it provides a detailed report of the business assessment and evaluation. The management professionals then communicate this to the clients. The possible standard solutions form the platform are communicated to the client, and the best one is customized as per their situation. Digital internal audit today awaits to update with time and only get better, the management consultants also have played a crucial role in it's rise for providing the necessary insights and information regarding it for clients to trust in it.

Value Growth Audit
B-1005, Titanium Heights, Opp. Vodafone House,
Corporate Road, Prahladnagar,
Ahmedabad 380015
Phone: +91 97253 91991

Value Growth Audit provides the best range of management consulting, strategic consulting & business strategic services with effectiveness & timely delivery.

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