Assessment of Strategy execution and KPI performance

The assessment of Strategy execution and KPI performance involves delivering an independent professional opinion on the extent to which an entity has met its strategic objectives.

What we can evaluate:

• reporting documentation that reflects the outcomes of strategic progress (e.g., strategy implementation reports, programme execution updates, project performance evaluations, annual incentive calculations, etc.);
• management's statement providing a formal assessment of the degree of strategic goal attainment.

The service is designed for shareholders (founders), senior executives, and regulatory authorities with supervisory and oversight functions.

The assessment conducted by the audit firm includes:

• review of the management accounting and internal control systems;
• identification of misstatements in the reported KPI data;
• identification of misstatements in information on the results of action plan implementation;
• analysis of the rationale behind deviations between actual indicator values and planned targets;
• verification that funds allocated for the implementation of activities were used as intended;
• analysis of the rationale behind adjustments to strategic goals;
• analysis of compliance with established requirements and recommendations.

The engagement to assess Strategy execution and KPI performance follows International Standard on Assurance Engagements No. 3000 (Revised) "Assurance Engagements Other than Audits or Reviews of Historical Financial Information".

A separate track within this offering focuses on measuring strategic goal attainment. In this case, the practitioner, rather than auditing pre‑existing reports, forms an independent opinion on how effectively management has delivered against the stated objectives and presents findings in a format agreed with the client.

Based on the assessment results, the audit firm issues a report setting out its conclusions on the work performed and recommendations to address any identified deficiencies. The report gives users significantly greater confidence in the reliability of the reported information and enables them to draw sound conclusions.

The work performed aims to eliminate errors and potential manipulation of reported data, which in turn:

• improves quality of the reporting documentation prepared;
• reduces risks associated with the disclosure of inaccurate information;
• strengthens trust from potential investors, partners, and clients.