What Challenges Do Business Leaders Face During an Audit?
The audit process can present several challenges for business leaders, such as:
- Time and Resource Allocation: Audits can be time-consuming and resource-intensive. Leaders must balance audit requirements with ongoing business operations. - Resistance to Change: Employees may resist changes recommended by auditors. Leaders need to foster a culture of accountability and continuous improvement. - Complex Regulations: Navigating complex regulatory requirements can be daunting. Staying updated with changes in laws and standards is crucial.