What is KPI for internal auditor?

What are KPIs in Audit?

Within internal audit, there are two main types of KPIs: execution and value. Most of the KPIs tracked by internal audit measure execution and completion rates.

Common key performance indicators include:

  • Percentage of the audit plan completed.
  • Count of issues found and recommendations made.
  • Percentage of recommendations implemented on time.
  • Hours spent per audit.
  • Certifications held by audit team members.

On the other hand, value-based KPIs measure the effectiveness of the audit on the business. 

Common key performance indicators include:

  • Customer satisfaction.
  • Increased productivity and efficiency.
  • Decreased expenses. 
  • Leaner operations.

Ultimately, the KPIs you choose to implement must be the ones that work for your organization.