What are Auditor metrics? Finding the right Auditor metrics can seem daunting, particularly when you're focused on your daily workload. For this reason, we've compiled a selection of examples to fuel your inspiration.
Copy these examples into your preferred tool, or adopt Tability to ensure you remain accountable.
Find Auditor metrics with AI While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI metrics generator below to generate your own strategies.
Examples of Auditor metrics and KPIs 1. Audit Completion Rate The percentage of planned audits completed in a given period
What good looks like for this metric: 90%-95% completion rate
Ideas to improve this metric Set clear priorities for audits Allocate resources effectively Enhance time management skills Streamline audit processes Regularly review audit plans 2. Number of Findings per Audit Average number of findings identified during each audit
What good looks like for this metric: 2-5 findings per audit
Ideas to improve this metric Improve risk assessment techniques Incorporate data analytics in audits Enhance auditor training programmes Focus on high-risk areas Use checklists to standardise audits 3. Implementation Rate of Audit Recommendations Percentage of audit recommendations implemented within the agreed timelines
What good looks like for this metric: 80% implementation within 90 days
Ideas to improve this metric Ensure recommendations are actionable Engage with auditees to understand constraints Follow up regularly on recommendations Provide practical solutions Prioritise high-impact recommendations 4. External Audit Discrepancy Comparison between internal audit findings and external audit findings
What good looks like for this metric: Less than 5% discrepancy
Ideas to improve this metric Align internal audit focus with external audits Improve coordination with external auditors Regularly update auditing standards Review and improve audit documentation Provide sufficient training to internal auditors 5. Audit Cost Efficiency Cost of auditing per audit presented as a value component to business value
What good looks like for this metric: $5,000-$10,000 per audit
Ideas to improve this metric Implement cost-saving technologies Opt for risk-based audit planning Streamline the audit process Utilise a hybrid auditing team (internal and external) Automate repetitive tasks where possible
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1. Internal Audit Coverage Ratio Percentage of total auditable areas covered by the internal audit within a time period
What good looks like for this metric: 75% to 90%
Ideas to improve this metric Enhance audit planning processes Ensure resource allocation aligns with plan Prioritise high-risk areas Leverage data analytics for audits Review audit charter regularly 2. Stakeholder Engagement Index Measures the level and quality of engagement with stakeholders in governance processes
What good looks like for this metric: Above 70%
Ideas to improve this metric Develop clear communication strategies Facilitate regular stakeholder meetings Solicit feedback through surveys Enhance transparency in operations Implement participatory decision-making 3. Compliance Rate Rate at which the organisation adheres to applicable laws, regulations, and internal guidelines
What good looks like for this metric: 90% to 100%
Ideas to improve this metric Conduct regular compliance training Implement compliance monitoring systems Establish clear compliance procedures Perform regular compliance audits Foster a compliance-focused culture 4. Audit Recommendations Implementation Rate Percentage of internal audit recommendations successfully implemented
What good looks like for this metric: 85% to 95%
Ideas to improve this metric Establish clear follow-up processes Assign accountability for action plans Monitor progress of implementation Provide training for recommendation execution Regularly review status with management 5. Public Feedback Score Measures satisfaction and engagement level of public stakeholders with governance initiatives
What good looks like for this metric: Above 75%
Ideas to improve this metric Conduct community opinion surveys Increase transparency of governance actions Provide platforms for public input Initiate public information campaigns Regularly publish outcomes of governance decisions
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1. Compliance Rate Percentage of compliance with industry standards and regulations
What good looks like for this metric: 95%-100%
Ideas to improve this metric Conduct regular training sessions Implement automated compliance tracking tools Enhance communication between departments Schedule frequent compliance audits Develop a regular review process 2. Audit Findings Closure Time Average time taken to close audit findings once identified
What good looks like for this metric: 30-60 days
Ideas to improve this metric Streamline remediation processes Increase accountability through defined roles Implement a tracking system for open findings Set clear deadlines for resolution Regularly monitor progress on findings 3. Training Participation Rate Percentage of employees completing mandatory compliance training
What good looks like for this metric: 90%-100%
Ideas to improve this metric Simplify access to training materials Send timely reminders for upcoming sessions Incentivise high training participation Provide flexible training schedules Offer diverse training formats 4. Incident Reporting Rate Frequency of compliance incidents reported per reporting period
What good looks like for this metric: Increase in number reported followed by decrease over time
Ideas to improve this metric Encourage a culture of transparency Simplify the incident reporting process Educate staff on identifying compliance incidents Ensure anonymity in reporting processes Evaluate and improve reporting systems regularly 5. Regulatory Update Implementation Time Average time taken to implement changes following regulatory updates
What good looks like for this metric: 30-90 days
Ideas to improve this metric Establish a task force for rapid response Maintain regular contact with regulatory bodies Prepare a contingency plan for swift implementation Educate staff on emerging regulatory trends Utilise project management software for tracking
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1. Process Automation Rate Percentage of business processes currently automated compared to the total processes possible
What good looks like for this metric: 20-30%
Ideas to improve this metric Conduct a thorough process audit Identify repetitive manual tasks Leverage robotic process automation tools Invest in staff training for technology adoption Establish clear automation goals 2. Time Saved Through Automation Amount of time saved as a result of implementing automation in business processes
What good looks like for this metric: 10-50% time reduction
Ideas to improve this metric Analyse current process time expenditures Prioritise automation of most time-consuming tasks Collaborate with departments to streamline processes Continuously measure time savings Optimise processes post-automation 3. Cost Reduction Due to Automation Financial savings accrued from reducing manual labour and errors via automation
What good looks like for this metric: 15-30% cost reduction
Ideas to improve this metric Assess cost structures before automation Focus on high-cost processes for automation Use cost-effective automation solutions Regularly evaluate cost savings Scale successful automation projects 4. Error Reduction Rate Decrease in errors in business processes as a result of automation
What good looks like for this metric: 30-70% reduction in errors
Ideas to improve this metric Identify error-prone processes Use high-accuracy automation technologies Implement continuous error monitoring systems Train employees on new automated systems Review error rates regularly to refine processes 5. Employee Satisfaction with Automation Degree to which employees are satisfied with the automation tools and their impact on work
What good looks like for this metric: 70-85% satisfaction rate
Ideas to improve this metric Conduct employee satisfaction surveys Provide comprehensive training sessions Encourage employee feedback on automation tools Create a support system for employees Highlight benefits of automation to employees
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1. Completion Rate The percentage of history and physical exams completed within 24 hours of patient admission
What good looks like for this metric: 90-95%
Ideas to improve this metric Implement a reminder system for staff Introduce electronic health record alerts Provide training for efficient documentation Increase staffing during peak admission times Encourage early initiation of assessments 2. Average Completion Time The average time taken to complete history and physical exams after patient admission
What good looks like for this metric: Under 24 hours
Ideas to improve this metric Streamline documentation processes Utilise checklists for thoroughness and speed Cross-train staff for flexibility Optimise patient flow and prioritisation Regularly review and address bottlenecks 3. Staff Compliance Rate The percentage of staff adhering to the completion protocol for history and physical exams
What good looks like for this metric: Above 90%
Ideas to improve this metric Conduct routine compliance audits Offer incentives for high compliance Provide feedback on performance Strengthen compliance policies Ensure clarity in protocols and guidelines 4. Patient Outcome Correlation The link between timely completion of history and physical exams and patient outcomes
What good looks like for this metric: Positive correlation
Ideas to improve this metric Analyse correlations with patient recovery times Adjust practices based on outcome data Focus on accuracy and completeness in assessments Regularly reassess assessment procedures Align protocols with best practices 5. Error Rate in Documentation The frequency of errors found in the completed history and physical exams
What good looks like for this metric: Below 5%
Ideas to improve this metric Enhance staff training on documentation Introduce a peer review process Use electronic templates to minimise errors Implement regular quality checks Increase awareness of common documentation errors
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1. Reporting Error Rate Percentage of financial reports containing inaccuracies or inconsistencies
What good looks like for this metric: Less than 1%
Ideas to improve this metric Implement automated validation checks Provide regular training to staff Use standardized reporting templates Conduct regular audits Improve data integration processes 2. Report Submission Time The average time taken to complete and submit financial reports
What good looks like for this metric: Less than 5 days post-period close
Ideas to improve this metric Streamline data collection processes Automate data consolidation tasks Set clear timelines and reminders Use a centralised reporting system Allocate dedicated reporting personnel 3. Data Reconciliation Time The average time taken to reconcile financial data from various sources
What good looks like for this metric: Less than 2 days
Ideas to improve this metric Integrate financial data systems Automate reconciliation tasks Regularly update and maintain data sources Conduct frequent interim reconciliations Use reconciliation software 4. Internal Control Effectiveness Measure of how well internal controls prevent inaccuracies and ensure data integrity
What good looks like for this metric: 95% compliance rate
Ideas to improve this metric Regularly review and update control processes Provide comprehensive training on internal controls Utilise internal control software Perform periodic control testing Establish a clear segregation of duties 5. Stakeholder Satisfaction Feedback from stakeholders regarding the accuracy and timeliness of financial reports
What good looks like for this metric: 90% satisfaction rate
Ideas to improve this metric Regularly solicit feedback from stakeholders Act on feedback to improve processes Engage stakeholders in reporting process improvements Use clear and concise reporting formats Provide timely updates and reports
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Tracking your Auditor metrics Having a plan is one thing, sticking to it is another.
Setting good strategies is only the first challenge. The hard part is to avoid distractions and make sure that you commit to the plan. A simple weekly ritual will greatly increase the chances of success.
A tool like Tability can also help you by combining AI and goal-setting to keep you on track.
More metrics recently published We have more examples to help you below.
Planning resources OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:
Tability's check-ins will save you hours and increase transparency
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