USING THE STRATEGIC AUDIT.

The strategic audit is a type of management audit that takes a corporate-wide perspective to provide a comprehensive assessment of a corporation's strategic situation. In contrast to the more specialized management audit, the strategic audit considers external as well as internal diagnostic factors, including the prognostic steps of alternative selection, implementation, and evaluation and control. It covers the key aspects of the strategic management process and places them within a decision-making framework. The audit presents an integrated view of strategic management in action. It not only describes how objectives, strategies, and policies are formulated as long-range decisions, but also how they are implemented, evaluated, and controlled by programs, budgets, and procedures. A proposed strategic audit of a corporation is presented.