In an audit, ________ is used to identify baselines from previous audits or audits of other related companies and industries so there is a point of comparison.
A)baselining
B)benchmarking
C)a gap analysis
D)an internal assessment
E)base-pointing

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing an organization's performance against industry best practices or against other organizations. In an audit, benchmarking helps identify baselines from previous audits or audits of other related companies and industries, providing a point of comparison for the audit being conducted. Baseline refers to the starting point from which improvements will be measured, and benchmarking helps establish this baseline.

In an Audit, ________ Is Used to Identify Baselines from Previous