Hello friends,
I wanted to know if there is a difference between "Recommendation" and an "OFI" ...
As per our system, we categorize audit findings into Major, minor and Recommendation but in line with other concepts, wanted to add in "Oppurtunities for Imprivement (OFI)" and I thought I would be able to differentiate both terms as follows -
Recommendation - any suggested improvement in the existing system
OFI - any suggested imporvements based on industry best practices or from benchmarking.
Would I be right in my approach ?
I wanted to know if there is a difference between "Recommendation" and an "OFI" ...
As per our system, we categorize audit findings into Major, minor and Recommendation but in line with other concepts, wanted to add in "Oppurtunities for Imprivement (OFI)" and I thought I would be able to differentiate both terms as follows -
Recommendation - any suggested improvement in the existing system
OFI - any suggested imporvements based on industry best practices or from benchmarking.
Would I be right in my approach ?