The audit still serves its purpose, and still has a role to play quantifying the quantifiable. But business has evolved. New management ideologies - ideologies formed, tested and refined in crucibles at Toronto, New York, and London - demonstrate that managing the hard numbers is only one part of leadership; people also have to manage performance. They have to look at things like communication, teamwork and intellectual property. A method must be put into place to quantify these things. It is time for the audit to change, to evolve. It must become active, rather than passive, dynamic rather than static. This new process should not only illustrate the problem, but also point toward clear solutions. It should still show the numbers, but also much more.

Property & casualty insurance
Performance evaluation
Audits