Conducting an internal review is crucial for several reasons:
Risk Management: Identifies potential risks and allows the company to mitigate them before they escalate. Performance Improvement: Provides insights into operational inefficiencies and suggests ways to improve performance. Compliance: Ensures that the company adheres to relevant laws, regulations, and internal policies. Financial Accuracy: Verifies the accuracy of financial records and statements. Accountability: Holds departments and employees accountable for their performance and actions.