India Retail News

The Retail Store Audit: Using Technology to Optimize the Audit Process

Protiviti

Retail store audit functions, challenged by resource and budget limitations, multiple business locations, and regulatory reforms, are turning to technology to manage the vast quantities of information associated with store audits. While audit software has been available for several years and offers a viable solution for managing the store audit process, some retail organizations are not ready to take the electronic leap. Staffing priorities, such as assisting with the implementation of new regulatory processes, annual audit projects and limited man-hours, as well as strained budgets, keep some internal audit, loss prevention or store operations functions from venturing into the electronic store audit world.