Internal Audit Handbook（2007）D7-Performance Measurement System.pdfVIP

7 Performance Measurement System 7.1 Basic Principles of an Internal Audit Approach Based on Key Performance Indicators 7.1.1 Content, Objectives, and Structure Key PointS ••• • Performance indicators and ratios serve a variety of different purposes in Inter- nal Audit. • The available data material is very complex and offers many different levels for comparison and analysis. • Internal Audit can define comparisons in the form of benchmarking or a bal- anced scorecard. iinformationnformation ProcessingProcessing An examination of Internal Audit from a modern corporate management perspec- tive invariably requires consideration of different business concepts, e.g. bench- marking, to establish whether they can be used for Internal Audit. The analysis of past audits yields an almost limitless wealth of information, which can be used for targeted and focused control and monitoring with the help of benchmarking meth- ods. The objective is to capture, process, and report information from the audit process in such a way that it produces a condensed yet meaningful and comprehen- sive summary of the audit services performed. The purpose is: • to facilitate management’s navigation through the report structures, • to show the