Regarding the chapter's strategic planning model, the internal audit seeks to identify

Question

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The internal audit seeks to identify the organization's core competencies, which are the unique strengths and capabilities that differentiate the organization from its competitors. Option A is incorrect because identifying important competitors is a part of external analysis. Option C is incorrect because key drivers of the accounting department are a part of functional analysis. Option D is incorrect because ambient conditions refer to external factors such as economic, political, and social environments.

Regarding the Chapter's Strategic Planning Model, the Internal Audit Seeks