Strategic Planning in Correlation with Internal Audit

Abstract

Strategic planning and Internal audit are important for organizational existence in dynamic business world. Strategic planning, by definition sets up guidelines for organizations actions in achieving goals, while internal audit is designed to help organization to reach these goals. Research for this paper is based on theoretical considerations and surveys done in different types of organizations by overseeing the connection and correlation between strategic planning and Internal audit. Research showed that strategic planning is very demanding function in organization and requires many different resources in order to create sustainable strategy for the organizations future. Internal audit in organization is a function that adds value, by ensuring the management that system of controls in organization is functioning well, and the risks are put to minimum. This paper is a shorted version of authors Master thesis - Strategic Planning in Organization Aided by Internal Audit.

Keywords

• internal audit
• strategic management
• strategic planning
• strategic thinking