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The first part of your audit should address the organization’s historical financial performance and…

The first part of your audit should address the organization’s historical financial performance and its current financial condition, as described in your
textbook. A lot of the necessary data can be found in the organization’s annual report and its filings with the Securities and Exchange Commission (SEC)
and state-level government regulatory agencies. Research sources such as business journals, magazines, and other media that report on these types of
organizations.

The second part of the audit should describe in as much detail as possible what you consider to be the major resources and competencies of the
organization. Use a SWOT chart to categorize the most relevant points (these may be more narrative than quantitatively analytical). Try to identify assets
that appear to be unique to the organization and that give it some competitive advantage over its rivals. Also make a note of areas in which the
organization is weak, which might be the target of strategic attacks by those rivals.

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