ABSTRACT
As a new concept emerging in recent years, the technological innovation audit (TIA) is borrowed from the financial concept of an audit. In essence, TIA covers but is not limited to the measurement and assessment of technological innovation in every aspect. In this chapter, TIA is examined systemically. The underlying theoretical logics for TIA will be introduced first, followed by the development of a system of indicators for process and performance audit, as well as the metrics designed based on empirical results. Although this section focuses on the analysis of process audit, it is complementary to a performance audit, and the combination of both process audit and performance audit has significant importance for applying TIA to the innovation management of a firm.
