Company management audit – questions raised by professionals – easy to make by yourself.

EXECUTIVE MANAGEMENT AUDIT

– the purpose of an executive processes and board audit is to ensure that the leadership and governance structures of a company operating effectively and in the best interests of the company and its stakeholders.

What it is for?

✔ Validate your management is in line with the strategy,

✔ Assess internal controls, detect and prevent fraud,

✔ Ensure compliance with laws and regulations,

✔ Verify the accuracy of financial records,

✔ Provide transparency to stakeholders,

✔ Identify opportunities for business improvement.

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Audit of executive management and board processes.
8 analysis sectors, over 100 proven quality questions.

We are developing our assessment platform that gives you better usability of our audit forms. Meantime, you can enjoy the Google Sheets and PDF format. When you click the link, you’ll be asked for an e-mail and immediately forwarded to the download link. Enjoy!

Purpose of the payment

Send audit as gift.

Amount:

How to make this audit?

Usually, to make an audit of a company contributes to the trust of its stakeholders. Audit is understood as an extended interview or, to put it simply, a questionnaire with a large number of questions raising by the external company. It is very useful, but it takes time and money.

Similar it is with our form, with two differences. You do the audit by yourself and it is completely for free. Just click on the download button, open the file, make your own copy and you can start. So easy it is.

It is ideal if someone can help you interpret the questionnaire and create a improvement strategy based on it, but even just answering questions by yourself, you can notice important aspects of your company gaps and and reveal ideas them with your colleagues.

Questions used in audit.

My name is Laco Vencel, since 2013 I am founder and led companies for management consulting. This includes managing strategy and execution, public relations, finance, policies, governance, development, and setup of controlling mechanisms above the overall company operations.

Before opening my own business I did project and executive management jobs in big-size international companies, managing teams and departments of 100+ employees in  10+ countries. The complete CV you can find here.

Always, when the company reaches some maturity level, it must focus on process-based management, otherwise will stack to manage sustainability and focus on growing potential, meantime the company’s operations can easily change to complete chaos. The practice shows me, that the best option is to have described processes for almost everything, then regularly audit adherence quality and apply changes in cycles.

laco foto

The significant part of audit questionnaires I have collected by myself from many corporate audits I have passed, and also from my colleagues in the past – it has high value for our business, and I believe that it helps to almost every entrepreneurer.

LACO VENCEL (CEO)

And, it's completely free.

Answer questions by rate from 0-10, be fair to yourself. Think about strengths and weaknesses and based on the results create action plan to fix  problems important for you.

Download questions in a format that best fits your usual practice. Answer questions one by one. Don’t skip any of the questions. Don’t jump from block to block. Take your time, answer fair, and keep in mind, it’s only yours. Nobody will see your answers, and nobody will judge your results. If some of the questions do not fit your company at all, mark the rate by max value. The goal of the audit does not to give you a detailed answer for every problem, but it gives you the direction you should focus in your business development.

What does the audit form gives to me? Think about procedures that are not visible during the daily work routine, or you don’t have an experience that enables to you even raise some of these questions. Will you take action and fix found issues by yourself, or you will need consultancy with us, depends on you.

Questions examples:

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CATEGORY

QUESTION

1
BOARD
Are board members formally oriented to the mission as well as the programs and activities of the organization?
2
BOARD
Are board members educated about programs and activities of the organization both in orientation as well as periodically throughout the year so that they are able to make informed decisions based on current activities and emerging challenges facing the organization?
3
BOARD
Does the board maintain contemporaneous records (minutes) of meetings and keep the records indefinitely in an easy-to-access location for ready reference? Do the board meeting minutes document the decisions made, highlighting the major points of fiscal or strategic import, but not detailing the discussion?
4
BOARD
Are decisions/actions of committees that have authority to act in place of the full board also recorded contemporaneously?
5
BOARD
Before approval of transactions involving expenditure of funds, does the board ask, “Is this the best use of our resources?”
6
ACCOUNTS
Are proper books and records kept of all transactions?
7
ACCOUNTS
Do the accounts comply with requirements for external scrutiny?
8
ACCOUNTS
Are accounts formally approved at an annual meeting?
9
ACCOUNTS
Are incoming receipts banked promptly and regularly?
10
ACCOUNTS
11
FINANCE
Are annual budgets prepared and approved to cover both income and expenditure?
12
FINANCE
Is performance measured against budgets at regular intervals?
13
FINANCE
Do the professional development of company includes building strong relationships with banker(s), creditor(s) and other important financial professionals in community and industry?
14
FINANCE
It is common for all members of the board to read and interpret financial statements and reports.
15
FINANCE
There is full understanding the causes of low profits such as inadequate expense control, high interest and low sales volume.
16
LEGAL
Does legal counsel review all contracts, orders, and license and service agreements?
17
LEGAL
Do you always use a standard, verified contract?
18
LEGAL
Do you limit your liability in all contracts to avoid consequential loss, punitive damages, stipulated damages or liquidated damages?
19
LEGAL
Do you include warranties and other disclaimers in your contracts and promotional material?
20
LEGAL
Do all disclaimers and limitations of liability in your contracts conform to applicable legal requirements in terms of typeface and content?
21
HR
Company’s recruitment methods include procedures that ensure the company interviews and hires employees who are qualified to play a role in the future goals of the firm.
22
HR
Company’s employee policies are established, known by employees and assure legal compliance. Job descriptions and organizational charts have been developed. The latter allows communication to flow from the bottom up as well as from the top down.
23
HR
Company policies, record-keeping and employee training allow the business to continue operation without interruption regardless of illness, vacation or other absence.
24
HR
Employee policies, benefits, insurance and training procedures are reviewed at a minimum annually.
25
HR
Policies and actions comply with local, state and federal laws.
26
STRATEGY
Do you have a clear understanding of your strategic objectives and how they align with the long-term objectives of your company/business?
27
STRATEGY
Are you constantly looking for opportunities to expand or diversify your business, or are you focusing on improving what you already have?
28
STRATEGY
Do you have an analysis of the competition and of the industry in general, to make sure that your strategy adapts to changes in the market?
29
STRATEGY
Are you taking current and future market trends into account to guide your strategic decisions?
30
STRATEGY
Do you have a contingency plan to address potential challenges or threats that may arise in the future and how would they impact your long-term strategy?
31
R&D
Do you have organized your research department?
32
R&D
Do you regularly revew report about the R&D progress?
33
R&D
Do you have a strategic research and development plan for the future of your company/business?
34
R&D
Do you regularly evaluate the performance and effectiveness of your research and development projects?
35
R&D
Do you have a formal process for the selection and prioritization of research and development projects, and does it align with your long-term strategic goals?
36
TOOLS
Are you using the most updated and effective tools and technologies to improve the productivity of your company/business?
37
TOOLS
Do you have project tracking tools that allow you to monitor the progress of your projects and make sure that deadlines and objectives are being met?
38
TOOLS
Do you use effective collaboration and communication tools to foster collaboration among team members?
39
TOOLS
Do you have data analysis tools to obtain valuable information about the performance of your company/business and make adjustments accordingly?
40
TOOLS
Are you using automation tools to simplify repetitive tasks and improve efficiency in your company/business?

Process audit - long story short

Every organization, from time to time needs to review its business processes to ensure compliance with the owner’s needs, business efficiency, and risks that enable to identify and address issues in all areas of the company operations.

The scope is the same for all companies and includes processes in areas of executive, projects, change management, research, development, product, marketing, sales, customers, legal, human resources, information technology, assets, accounting, finance, risk, and security.

If you are interested in a guided audit with a specialist and get a detailed report with recommendations for optimizing the company, which will lead to a boost in profits and efficiency, or enable to develop a new strategy for your business, we invite you to:

  • READ recommendations to manage your business and guides in our blogs.
  • BOOK a personal consultancy and get the customized strategy to move forward in your business.
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