Internal Audit KPI's

Monitoring your department's key performance indicators

Developing appropriate KPI's for an internal audit function is not easy. Identifying KPI's which focus on both the quantitative aspects of our work, such as the timely delivery of audit reports, and qualitative factors, such as the quality of our report, are challenging. I both cases, the KPI's can be largely impacted by those external to the internal audit team. Nevertheless, audit committees and executives within the business typically like to see some KPI. Here, we will focus on the quantitative KPI's associated with the timely delivery of audit r