John is controlling whether the assets of the organisation are being applied correctly. He is busy with:

Question

Clan control

Regular reporting

Internal auditing

External auditing

Answer 1

The activities John is busy with include:

1. Clan control: This refers to monitoring and ensuring that the assets of the organization are being used effectively and efficiently, and that they are aligned with the goals and objectives of the organization. This may involve implementing controls and processes to manage and protect the assets.

2. Regular reporting: John is responsible for regularly reporting on the status of the organization's assets and their utilization. This may include preparing financial reports, asset tracking reports, and other relevant reports to inform stakeholders about the organization's asset management performance.

3. Internal auditing: John conducts internal audits to examine and evaluate the organization's asset management practices, processes, and controls. The purpose of internal auditing is to identify any weaknesses, risks, or areas of improvement in order to enhance asset utilization and mitigate any potential discrepancies or fraud.

4. External auditing: John may also coordinate and collaborate with external auditors who perform independent audits of the organization's assets and financial statements. External auditing provides an objective assessment of the accuracy and completeness of the organization's financial reporting, including the proper application of assets.

Overall, John's role involves ensuring proper asset management through clan control, regular reporting, and both internal and external auditing.