Sign up to access the rest of the document. Unformatted text preview: What is the Ring of Fire? What ocean does the Ring of Fire encircle? o Most active volcanoes on land are located along the margins of the ocean basins notably within the circum- Pacific belt known as the Ring of Fire ( Figure 7.33).
Conducting an audit is perhaps the most effective way to gain insight into the inner workings of your business. An audit will help you identify strong points and areas of weakness within your business, making it much easier to form a strategy for improvement and increased productivity. There are several different categories of audits you may wish to conduct. A process audit is designed to focus on a set of processes used in your business. It examines each process and adherence to individual specifications and procedures. Staying organized and having an audit checklist will maximize the results of any audit. Step 1. Determine what the final product or overall value of your business is to your existing and potential clientele.
Some typical stages in the audit process. Auditing refers to a systematic and independent examination of books, accounts, documents and vouchers of an organization to ascertain how far the financial statements present a true and fair view of the concern.