BUILDING A GLOBAL COMMUNITY OF CERTIFIED CORPORATE STRATEGIC AUDITORS FOR CORPORATE ACCOUNTABILITY
Many of the traditional audits are functional and do not provide corporations with realistic strategic directions with regards to its current corporate strategies, and how to increase its organisational performance with ethical sustainable business strategies after the audits' exercises.
A corporate strategic auditing will assess current corporate strategy, how suitable it is for a corporation, and whether the corporation is in position to execute the approximate corporate strategy, business strategy functional strategy and or operational strategy base on the opportunities and threats including climate change, and its existing strategic capabilities in term of resources and competences.
Performing corporate strategic auditing on a regular basis by a corporation is crucial to the success of businesses, as the corporate strategies need to constantly adapt to changes of environment conditions such as country, commercial, currency, cultural and climate change risks. It is imperative that board members, senior executives and corporate professionals have the competencies in corporate strategic auditing to make decisions that allows them to protect their business against downside risks, maximise upside opportunities .