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Business Audit Module

What is it? How does it work? FAQs, troubleshooting and more...

Updated over a month ago

FAQs - Business Audit Module

Q What is the Business Audit?

The Business Audit is a Core Workspace module which allows a company to self-audit 20 key areas of operation such as legal, insurance, H.R, I.T etc. You tick answers to questions, and receive a report showing the risk and recommendation bespoke to your company, its industry, stage of development and corporate objective, for you action and improve. We report on risk and completeness.

After questions have been answered, you can click on View Report at the top right corner to print report. We also provide you a FREE KPI report for your company during the short time your Business Audit is prepared.

Your Business Audit report is ready. View it

Your report

Q How is it(Business Audit) different from the 2-minute test?

The 2-minute test consists of 29 questions across 9 sections, while the Business Audit includes 20 sections, each featuring 10 tailored questions.

Q Does the Business Audit cost me more?

No, the Business Audit does not cost you more. The business audit is an additional feature that comes with the Diligentsia Lite and Pro plans.

Q Does our performance on Business Audit count towards our certification?

Yes. The Business Audit module is required to be completed in order to be awarded a bronze/silver/gold overall certification. Once you have completed this module, you will see your module score. You can find out more about certification here.

Q Can I go in later and rework/review?

Certainly. You can revisit the initial report, apply our recommendations, document these changes within the report, and then update your response to a question, potentially improving your overall score.

Q What's preventing me from answering 'yes' to every question to boost my score?

While there's technically nothing stopping you, blindly answering yes to each question won't genuinely enhance your business. Additionally, advisors and investors may review your report during their due diligence. Ultimately, deceiving yourself and potential investors won't lead to any real benefits.

Q Will investors and advisors see our Business Audit results automatically?

No. Investors and advisors can only see your Business Audit results automatically if you give permission.

Q: Is the audit report exportable?

Yes, it can be exported in .pdf format.

Q: Can I perform an audit on a specific department?

Yes, you can audit different areas of the business.

Q: How long does an audit take?

It depends on the size of the company and data being audited.

Q: How often should I run a business audit?

Audits can be performed periodically or as needed.

Q: What industries are supported?

The module can be customized for various industries.

Q: How is audit data protected?

Diligentsia uses encryption to secure all data.

Q: Is there a limit to the number of audits I can run?

No, you can run as many audits as your plan allows.

Troubleshooting FAQs

Q: I’m unable to access the Business Audit module. What should I do?

A: Ensure your subscription plan includes the Business Audit module (Lite or Pro). If it’s included and you still can’t access it, refresh your browser or clear your cache. Contact support if the issue persists.

Q: My Business Audit module is not loading. How can I fix this?

A: Check your internet connection and try refreshing the page. If the issue continues, switch browsers or update your current browser to the latest version.

Q: I accidentally exited the audit before finishing. Will my progress be saved?

A: Yes, the platform automatically saves your responses. You can resume the audit from where you left off.

Q: Some questions seem irrelevant to my business. Can they be skipped?

A: Yes, you can skip questions, but leaving them unanswered may lower your completeness score.

Q: The module shows errors when I try to save my answers. What should I do?

A: Ensure all mandatory fields are filled. If the issue persists, try clearing your browser cache or contact support.

Q: My completeness score is not updating after completing sections. What’s wrong?

A: Scores update in real-time. Refresh your dashboard to view the latest scores. If the issue continues, ensure all required sections are completed.

Q: My risk score seems incorrect. How is it calculated?

A: Risk scores are calculated based on your responses and the potential risks identified. Review your answers to ensure accuracy.

Q: Can I reset my scores if I made errors in my responses?

A: No, scores cannot be reset. However, you can update your answers to reflect changes and improve your scores.

Q: Why does my risk score remain high despite completing all sections?

A: A high risk score may indicate weak internal processes or missing critical information. Review recommendations in the report and implement necessary improvements.

Q: I cannot generate the audit report. What should I do?

A: Ensure all sections have been saved. If the problem persists, try exporting the report in PDF format from the dashboard.

Q: How do I share my audit report with advisors or investors?

A: Export the report in PDF format and share it manually. Alternatively, grant permission to advisors or investors through the platform.

Q: My report includes incorrect details. How can I fix this?

A: Revisit the affected sections, update your answers, and regenerate the report.

Q: Can I add custom questions to the audit?

A: No, the module’s questions are standardized and tailored based on your company’s information.

Q: How often can I update my responses?

A: You can update responses anytime to reflect new developments or changes in your business.

Q: Can I customize the module for a specific department?

A: Yes, the Business Audit allows you to audit specific departments by focusing on relevant sections.

Q: My team cannot access the Business Audit module. Why?

A: Check if the appropriate permissions have been assigned in User Permissions. Ensure all team members are on the same plan.

Q: The module is running slowly. How can I improve performance?

A: Ensure you have a stable internet connection and sufficient system resources. Try using a different browser or device.

Q: Is my Business Audit data secure?

A: Yes, Diligentsia uses encryption and secure storage to protect all audit data.

Q: Can I restrict who sees my Business Audit results?

A: Yes, you control who has access. Results are only visible to authorized users or parties granted permission.

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