What is an Audit Management System and Why is it important? | Scilife

Introduction to Audits An audit is the verification, inspection, or examination of a process, product, or system to guarantee compliance with regulatory or organizational requirements. The scope of an audit can apply to an entire organization or be limited to a specific function, step, or process. Reasons for Audits - An internal audit or a first-party audit is performed to measure an organization’s strengths and weaknesses and compare them to internal and/or external standards and procedures...