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                       1.       Efficiency Efficiency Audit may be defined as a  systematic examination of management's efforts to accomplish goals efficiently and effectively  in order to determine adherence to the management policies and stated requirements. The first step to achieving Audit efficiency is to manage and train clients. CPAs work best when clients provide them with the data they need. ·          Manage and Train the client ·          Retain Client and Staff ·          Plan Properly ·          Access Risk. 2.       Security A security audit is  the high-level description of the many ways organizations can test and assess their overall security posture, including cyber security...

  1.       Find New Customers New customers can help grow your business.  However, this can sometimes be the most expensive strategy for generating additional revenue. On average it costs eight times the amount of money to acquire a new customer as it does to retain a current customer. The simplest (and most cost effective) way to get new customers is to offer incentives to your current customers and motivate them to initiate referrals for you.  Word of mouth is the most powerful form of advertising. 2.       Remove Unprofitable Products and Services The products or services with the highest gross profit margin are the most important to your business. Once you have identified your most profitable products or services you should concentrate on these.  You will need to determine if the unprofitable products or services should be removed completely or reviewed for areas of improvement. 3.    ...

  Start with strategy You should always start with strategy. Without a firm stake in the ground around what your business is seeking to achieve, it’s incredibly easy to end up with a dauntingly long list of possible indicators that you feel you could or should measure. Your strategy therefore acts as a starting point for designing appropriate KPIs – but only if it’s clear! All too often companies create a 30–40-page strategy document that no one ever reads or understands. A great way around this is to create a simple one-page strategy. This will help you clearly define your objectives, and help you work out what you need to put in place to achieve them. 2. Define the questions you need answers to Linking your KPIs to your strategy will immediately sharpen your focus and make the relevant KPIs more obvious. Identifying the questions you need answers to will further narrow your focus, because questions give the indicators context. Once you are clear on the questions you nee...

  1.       Identify the problem It's Important to Ask Yourself Questions. You can't come up with an answer unless you have a question first. Problem identification is  part of the scientific method , as it serves as the first step in a systematic process to identify, evaluate a problem and explore potential solutions.   2.       Gather data T raining should emphasise why it is important to collect data and highlight the benefits of data for operations, planning, research and evaluation. If staff understand the rationale for collecting certain information, they will feel more confident to ask for these data items and to explain why it is important. Data collection is  an extensive process of collecting information to make direct observations and answer open ended questions . Businesses use data gathering to gain real-time insights into a particular issue or workflow process.   3.    ...

                        Know the cost of material. Don’t just be familiar with your numbers—know them. Knowing them means that you know the cost of each of your raw materials, labor, rent or lease costs, and everything else. Do you know what each item costs down to the penny? Do you know the interest rate on each of your debts? If you don’t, you’re probably paying too much for something. Increase your Margins. Speaking of margins, each industry has its own benchmark for what is considered strong margins. Do you know yours? Check with your industry trade group, but once you know it, make adjustments. You can raise your prices, lower your costs, or both. The goal should be to raise margins without raising your overhead expenses. What are others charging for the same item? Can you purchase more at a significantly lower cost without losing the savings to debt service? Watch Your Inventory. Like your refrigerator at home, ...

  1.       Give your work your full attention at the best times. If you give someone or something your attention, you look at it, listen to it, or  think about it carefully . Don't Multi-task – Doing multiple things at once doesn't work. You are unable to give you full attention to more than one thing at a time. Inevitably, you miss things or create re-work for yourself. Face the Person You Are Speaking with – Looking at someone face-to-face is a powerful way to demonstrate your attention.   2.       Double-check all communications and presentations. People sometimes dismiss paying too much attention to the “look ”  of a presentation by claiming that it's the substance that is important. This ignores the connections people make between content and visual quality. To help avoid casual errors, always double-check your work before publishing or sending. If you double-check something,  you examine or test...

Procedure for Integrated Assessment of Testing Laboratories to obtain Recognition / Approval from Regulatory Body This document describes specific requirements of assessment that a testing laboratory, seeking recognition /approval from Export Inspection council (EIC), APEDA, FSSAI and other commodity boards, has to meet, in parallel to the accreditation in accordance with of ISO/IEC 17025 by NABL The application for integrated Accreditation/Recognition/ Approval scheme for the specific scope shall be taken into consideration only on the scrutiny by NABL and evaluation of competence and compliance through integrated assessment approach by NABL /EIC / APEDA /FSSAI, grant of accreditation by NABL and parallel recognition from concerned regulatory Body based on the decision of NABL. Relevant information may be downloaded from NABL website Application fee and Assessment charges will be paid to NABL only. All other charges including the Annual Accreditation fee/ Membership fee/ Approva...

  The risk management process methodically identifying the risks surrounding your business activities assessing the likelihood of an event occurring.  Understanding how to respond to these events. Putting      systems in place to deal with the consequences. Assess and manage risk 1.       Decide what matters most. 2.       Consult with stakeholders. 3.       Identify the risks. 4.       Analyse the risks. 5.       Evaluate the risk. 6.       Treat risks to your business. 7.       Commit to reducing risk.   The basic methods for risk management—avoidance, retention, sharing, transferring, and loss prevention and reduction—can apply to all facets of an individual's life and can pay off in the long run.   The five steps of the risk management process are identification, ass...