RE: Internal Audit key performance indicators

[James Shannahan]

I would say that your outsourcing of financial auditing to your external auditors is a substantial risk...........especially given the current state of unrest in the US accounting world.............   James Shannahan, CCP, CSQA, CISA Sr. Information Systems Auditor City of Milwaukee (Wisconsin, not North Carolina) [EMAIL PROTECTED] 414 286 2382   *neither the Comptroller nor I speak for each other* >>> [EMAIL PROTECTED] 04/08/02 09:05AM >>> Audit-l is sponsored by Audit Leverage (IAD Solutions, Inc.) www.auditleverage.com *************************************** For me it depends.  I have three types of risk analysis.  One for our field offices, which are measured base don volume (sales and budget), last time it was audited, rating of the last audit, length of time for the Branch Managers' tenure and their last annual review rating.  The next, for our IT area, is primarily based on system throughput, newness of the system, what other systems are dependant on it, and a generic rating based on how "important" the system is to the whole.  Finally, the major risk analysis is based on the operational departments (I don't tend to do much financial work as it is outsourced to our auditors).  For this the criteria is: whether the process is based on manual or systemic intervention, how long the system has been in and functioning, how long since it was last reviewed, the rating from the last review, number of departments dependent on the output, dollar throughput, information throughput, and a few other criteria specific to our business. 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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 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. 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