A gap analysis is a method of assessing the differences in performance between a code of conduct (CoC) or standard requirements are being met and, if not, what steps should be the potential corrective action taken to ensure they are met successfully.
In management literature, gap analysis involves the comparison of actual performance with potential or desired performance. If an organization does not make the best use of current resources, or forgoes investment in capital or technology, it may produce or perform below its potential.
“GAP Analysis” is a dynamic profession involved in helping organisations achieve their objectives. It is concerned with evaluating and improving the effectiveness of risk management, control and governance processes in an organisation.
Organisations establish an independent internal audit function to provide continual review of the effectiveness of risk management, control, and governance processes. Internal audit does this by: Providing independent, unbiased assessment of the operations of the organisation.
We always try our level best services to our customers by a highly sectoral competence auditor. GSCS gap analysis target is to achieve at least 95% customer’s objective like BSCI, CoC etc. CB audit outcome.