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Introduction: Strength, Weaknesses, Opportunities and Threats SWOT Analysis is an important device for audit and analysis of the overall strategic position of an organisation and its environment. Therefore, for any organisation to survive and achieve its mandate, it needs to strategically and competently undertake a SWOT analysis of its environment to fashion out activities which will enable it pursue and achieve its mission Swot Analysis Strategic Management vision. Its vision is to be a Centre of Excellence in Africa in promoting best practices in internal auditing.

The strategies adopted by the Agency to achieve its set objectives include; 1. Increasing public access to information on internal audit activities 3. Creating a congenial environment for high performance work in the Internal Audit Agency 4. Conducive work environment Approved Scheme of ServiceLow morale of staff due to improper placement Support of the Presidency Legal backing for IAA work Independent Judiciary Good relationship with central management agencies CMAs Lack of Swot Analysis Strategic Management political commitment Poaching of internal audit skills by other institutions. High quality of staff competence and qualifications Proactive Leadership Supportive Board Youthful and energetic staff Cordial working relationship Good corporate imageInadequate training for staff Inadequate office accommodation Inadequate Staff numbers Govt committed to developing internal audit function Appreciable number of qualified personnel available in Ghana Goodwill of suppliers and service providers International recognition Availability of curricula for training internal auditors in tertiary institutions.

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Emerging technologies to facilitate conduct of internal audit functions e. Legal mandate by an Act of Parliament, Act Availability of conditions of serviceLack of enforcement powers. These strategies have been designed taking cognisance of the objectives defined Manageent the Agency in Act The methods of identifying these environmental issues are not scientific as the Agency failed to provide any basis to that effect in their strategic plan for Conclusion SWOT Swot Analysis Strategic Management is a powerful tool for the systematic analysis of internal and external environments of an organization.

It aids in effectively identifying problems and drawing lines of future actions to eliminate or ameliorate these problems. Delivering a high-quality product at a reasonable price is not enough anymore.

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Strengths, weaknesses, opportunities, and threats (SWOT) analysis.

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