The Enterprise Self Audit

Contrasted with management audit the enterprise audit appraises the company's position to determine where it is, where it is heading, under present programs, what its objectives should be, and whether raised plans are needed to meet these objectives.

Objectives and policies get obsolete if the enterprise does not change its course to suit the changing social, technical, economic and political environments, then it may lose its market, personnel and other requirements for continued existence. The enterprise self audit forces managers to meet this situation (Dynamism in the environment).