It is very important to agree to the definitions of commonly used key terms. The term I see a lot of confusion around is "Cancel." I can ask 5 people what a cancel is and will probably get 5 different answers.
I think it is particularly useful for an internal audit system to assist not just with avoiding issues with regulators but, more importantly, with quality assurance. It reminds me of peer review processes in hospitals and in research.
So much info! Audits are a big deal and a super beneficial.
I appreciated the suggestion of an audit schedule. Rather than focusing on a large scale audit, we can do smaller scale audits on specific components throughout the year to remain compliant.
Auditing is very important to get Beter understanding of what is the weak points that the other company have so they can correct the finding in the proper time to give Beter service and improve the operation to pass all the default which it might be un visible to the operator.
Preparing for an audit is so important, so having an internal audit would be smart. The catalog should be used as a guideline to be successful in any audit since that is what the auditors will be using when they visit the school. I like the idea of doing an audit for each department on each quarter of the year. There are so many regulations to be aware of.
What I gain from this module is that everything we do is important, from appointments to admission of a student, no matter we must follow the guidelines that we don't give any false information to the students.
This Module taught me how important it is to have a clear plan when conducting internal audits. I now understand that focusing on the areas with the highest risk, making sure policies are clear, and defining key terms and formulas can help avoid problems during an audit. It's also important to prepare ahead of time and make sure everything matches the rules.
I plan to use what I learned by always double-checking that everything is consistent with the policies and communicating clearly with others to help prevent issues before they become bigger problems. This way, things can run smoothly, and any mistakes can be fixed early on.
I was reminded to complete an audit each quarter and focus on a specific department/function.
I've learned that internal audits are crucial for ensuring compliance and mitigating risks within an organization. It also helps identify areas for improvement and should be seen as a tool for ongoing improvement rather than a one-time event. In applying this knowledge, I plan to advocate for a structured internal audit process within my organization. We actually have some in place as tied to annual external audits, but I can see room for improvement and including more departments.
