KnowledgeLeader Blog

Popular This Week: Internal Audit Performance Measures Key Performance Indicators (KPIs) and more!

Posted by Protiviti KnowledgeLeader on Tue, Apr 16, 2019 @ 05:25 PM

This week, we are highlighting the Top 5 Pages on KnowledgeLeader from April 8-12! Take a look at the "best of the best" of our tools that could help you simplify your audit projects.

""

1. Internal Audit Performance Measures Key Performance Indicators (KPIs)

An effective business process is built on a set of well-defined and clearly stated business objectives. To build and continually improve an effective business process, a company establishes: key objectives to articulate the performance results the company expects from the business process, outcome measures to determine whether the company has reached the key objectives, and activity measures to monitor the performance of instrumental activities.

This tool outlines key objectives for conducting internal audits, the outcome measures associated with each objective, and the activity measures that drive each outcome measure. A link connects each outcome measure with its corresponding formula and analysis.

 

 

""

2. Risk Assessment Results Audit Committee Report

This sample report to the audit committee primarily focuses on the audit risk assessment process and its results and the internal audit planning process. It aims to give visual guidance on how internal auditors can present readable and graphical reports to the audit committee. Internal auditors can refer to this sample for ideas on ways to present complex materials in readable, graphical and concise formats.


""

3. Internal Audit Risk Assessment Questionnaire

Internal audit performs a risk assessment to identify and prioritize key risks to best allocate the internal audit resources for the next year. This risk-based approach is focused on surveys/interviews of a cross-section of management personnel to solicit input from the potential customers of an internal audit function.

The output from the surveys and interviews can be used to develop an audit plan that creates broad coverage through a blend of internal audits, control self-assessment and targeted external audit coverage.

 

 

 

 

 

 

""

4. Enterprise Risk Management Questionnaire

The ultimate goal of enterprise risk management is to evaluate total returns relative to total risks, leading to more informed business decisions. Many ask questions about its value proposition. This questionnaire can be used when analyzing an organization’s enterprise risk management strategy. It focuses on the internal environment, objective setting, risk identification, risk assessment, risk response, control activities, information and communication, role of the board of directors, role of management, common risk failures, and trading activity.

""

5. Ethics Audit Checklist

This checklist contains a set of questions that can be used when performing an ethics audit. Topics include policies and procedures, communication, training, change management, violations, penalties, and enforcement.

Sample questions include: Does a formal job description exist? How are ethics policies communicated to new employees? Do employees sign to acknowledge that they read the policies? How are updated policies distributed to current employees? Are ethics policies available online? How does the company ensure employee commitment to comply with ethics policies? Is a code of conduct sent to vendors? Do the vendors acknowledge receipt?

 

 

 

Topics: KnowledgeLeader tools, weekly top 5

Add a Comment:

Subscribe to Our Blog

About KnowledgeLeader

KnowledgeLeader, provided by Protiviti, is the premier resource for internal audit and risk management professionals.

With over 1,400 customizable tools and 1,300 articles by industry experts, we offer the most comprehensive service on the market.

For more information:

 Tour the Site

Recent Posts

Posts by Topic

see all