The process of
identification and evaluation of the factors beyond the control of an
organization is called an External Audit. These may include foreign
competition, computer or technology revolution, population shift and many more.
In order for an organization to succeed and compete in this global environment
external audit plays a vital and important role. The external audit highlights
the area of improvement, threats and opportunities for an organization.
In case of our
school the external audit will involve the competition from school systems
having a strong chain, computer and technology revolution, changing
demographics, change in taxation policy, change in government policies,
national curriculum changes.
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