Essay on Corporate Sustainability

        Any organization future setup is defined by the Sustainability audit and this play a significant role. On all matters, its primary mandate is taking up pertaining policies and in the organization all the operations governing procedures. In the sustainability of any cooperation, both the audits internal as well as external is nature critical. The role of internal audit in an organization is that by bringing a systematic, disciplined approach to estimate as well as enhance the risk management effectiveness along with governance processes to accomplish the objective of any organization. External audits have three goals. Company accounts checked by the external audit whether it is complete or accurate. The core job of external audit is that certifying the financial statements (Hay 2014).

        Any operation is part of Errors. Moreover, during reporting, this is the perfect time to catch them before the actual audit process. In each department mistakes made and detected from the review officers. By the audit team, the BSA software association is a better example that is caught. We can call it an audit nightmare. Moreover, to avoid the catastrophe, the organization should have the employed compliance such as without interference letting the audit to do their work. After that give the recommendation and report to the organization (Daykin 2006).

        For target setting the recommendation is quite significant, for proper competition and functioning. As someone asked me about the mistake, I told that it is recovered only when we apply the new rule which discourages the non-cooperation.  The goal of any company is that they want to achieve high success in the market. So, an external and internal audit helps in achieving the goal of the company. As an eye opener, the audit serves the company or organization by any business organization should be embraced if competition is to be kept high.