Answered Essay: After conducting an internal audit, a firm discovers a total of 100 strength and 100 weaknesses.

After conducting an internal audit, a firm discovers a total of 100 strength and 100 weaknesses. What procedure could be then used to determine the most important of these? Why is it important ro reduce the total number of key factors?

Expert Answer


Though the audit report must enlist all the findings, the most improtant findings should find their place in the beginning of the report. The most important ones are those which pose highest risk to the different functional performances of the organization if the compliance are not met with. For this, the weaknesses can be divided in three categories viz. High risk, Moderate risk and low risk, depending upon potential harm their non compliance can cause to the company in form of operational losses, legal issues, prosecution for regulatory violations to name a few.

In the similar manner, the most important stregths should be highlighted first in the list so as to enable the organization to focus and leverage on them for competitive advantage.

It is important to limit the key factors to a few vital ones to make sure that the most important issues are addressed on priority basis, and are not lost in the mesh of less important ones. It also helps the management to decide its priority of action to tackle the burning issues that need urgent attention, and make sure that they are settled before making any big impact.

Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.


Let us write that nagging essay.


Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.


Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.


Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.


Receive your Paper

After Editing, your paper will be sent to you via email.