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What about assessing the benefits derivable from recommendations made, i.e. each time we block a loophole, can the long term valeu be used as a performance indicator. -----Original Message----- From: Sharon Haapala [mailto:[EMAIL PROTECTED]] Sent: Friday, April 05, 2002 3:12 PM To: [EMAIL PROTECTED] Subject: Re: Internal Audit key performance indicators At 01:45 PM 4/5/02 +0200, you wrote: My Boss who is the CEO would like me to come up with key performance indicators against which h would measure my performance. In my proposed indicators l have included such things as no of reports, recommendations implemented, budget performance, achieving set plan etc. This to him is not sufficient and he wants me to include such things as No. of frauds unravelled compared to previous years in dollars and quantity terms, reported against those determined by audit, etc. Can you suggest more indicators for me please. I'd be very interested in hearing more ideas in this area. Some of the indicators mentioned above make me a bit nervous. I'm a university auditor, and some years I may not complete as many audits as other years, simply due to the nature of the audits - how long they take, complicated issues that might arise. Similarly, I don't find fraud every year - we're a small university that has excellent internal controls and audit trails. If I had fewer audit reports issued and no frauds, would that mean I'm doing poorly? Just food for thought - please share any info you receive. Sharon ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Sharon J. Haapala, CIA, Auditor Internal Audit Department Michigan Technological University 906-487-1994 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Audit Leverage is a department management software package that integrates and automates the entire audit process. This comprehensive package includes risk assessment, audit planning, budgeting, staffing, scheduling, timekeeping, automated work papers, audit findings & recommendations, reporting and audit follow-up. Audit Leverage allows auditors in the field to work off-line and dial in to synchronize their work with the Audit Leverage database on the network, enabling managers to review the work papers instantly without being at the job site. Demo available at www.auditleverage.com If your organization would like to sponsor this discussion list send an e-mail to [EMAIL PROTECTED] for information. To unsubscribe to the Audit-l list send an e-mail to [EMAIL PROTECTED] Leave the subject line blank and include the following message in the body: Unsubscribe audit-l (yourname) Thanks, Jim Kaplan List Manager
