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OFI (Opportunity for Improvement) vs. AOC (Area of Concern) - Definitions

Thomas Dorner

Starting to get Involved
#1
Hi,

I just can't find any clear definition about the difference is between OFI (Opportunity for Improvement) and AOC (Area of Concern).
My thought, they are practically the same. Anyway, I have to review our Internal Audit Process and the question was raised, and I haven't had any answer to it.

I hope I can get some clarification.

Thank you,
Thomas
 
#2
I agree that the terms would be used interchangeably. I have heard both terms and they both were used to address the same type of issue, i.e. did not violate the procedures, but would improve the system.
 
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