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2 examples of Internal Audit Team metrics and KPIs

What are Internal Audit Team metrics?

Finding the right Internal Audit Team metrics can be daunting, especially when you're busy working on your day-to-day tasks. This is why we've curated a list of examples for your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

Find Internal Audit Team 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 Internal Audit Team metrics and KPIs

Metrics for Internal Auditor Performance

  • 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

Metrics for Compliance in Commercial Real Estate

  • 1. Regulatory Audit Pass Rate

    Percentage of audits passed without any non-compliance findings

    What good looks like for this metric: 85-95%

    Ideas to improve this metric
    • Conduct regular internal audits
    • Provide ongoing compliance training
    • Implement a regulatory compliance management system
    • Review and update compliance policies regularly
    • Engage external consultants for unbiased evaluations
  • 2. Compliance Training Completion Rate

    Percentage of employees who complete compliance training on time

    What good looks like for this metric: 90% or higher

    Ideas to improve this metric
    • Utilise engaging training materials
    • Set clear deadlines for training completion
    • Offer flexible training schedules
    • Provide incentives for timely completion
    • Assess and improve training efficacy
  • 3. Incident Response Time

    Average time taken to respond to compliance-related incidents

    What good looks like for this metric: Within 24 hours

    Ideas to improve this metric
    • Establish clear incident response protocols
    • Conduct incident response drills
    • Use automated incident management tools
    • Provide quick-access reporting channels
    • Evaluate past incidents to improve speed
  • 4. Number of Compliance Violations

    Total number of compliance violations identified within a specific period

    What good looks like for this metric: Minimise below industry average

    Ideas to improve this metric
    • Enhance monitoring and reporting tools
    • Increase frequency of compliance reviews
    • Strengthen enforcement of compliance measures
    • Educate employees on recognising violations
    • Implement preventative measures
  • 5. Policy Update Implementation Rate

    Percentage of policy updates implemented within the target timeframe

    What good looks like for this metric: 95% or higher

    Ideas to improve this metric
    • Establish a structured policy review process
    • Coordinate with internal departments for smooth implementation
    • Communicate updates clearly to all stakeholders
    • Allocate resources for rapid policy rollouts
    • Monitor and track policy adoption

Tracking your Internal Audit Team metrics

Having a plan is one thing, sticking to it is another.

Having a good strategy is only half the effort. You'll increase significantly your chances of success if you commit to a weekly check-in process.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

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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:

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