SAMPLE Benchmarking Report: Your Organization Sourced Staff Profile
Benchmarking Report Share, Compare, Validate SAMPLE
Year: 2018 Your Organization Date Benchmarking Report: Your Organization
Benchmarking Tier 1: Your Organization
Benchmarking Tier 2: Government
Benchmarking Tier 3: North America
Benchmarking Tier 4: Audit Staff Size: 1 to 5
Benchmarking Tier 5: Universe SAMPLE Terms and Conditions This report contains confidential data and is for the exclusive use of your organization. Distribution to other companies is strictly prohibited. By accepting this document you are consenting to be bound by an agreement between your organization and the Institute of lntemal Auditors (The IIA). Unauthorized reproduction or distribution of this document, or any portion of it, may result in severe civil or criminal penalties.
Your suggestions for improvement are always welcome and can be submitted via e-mail to [email protected].
Thank you for your continued participation in the Audit Intelligence Suite – Benchmarking Report. Benchmarking Report: Your Organization
Table Of Contents
Section 1: Demographic Information Page 1 Salary Adjustments and Reasoning (Tier 1) ...... Page 42 Respondents by Tier Group ...... Page 2 Salary Adjustments and Reasoning (Tier 2) ...... Page 43 Demographic Information: Financial ...... Page 3 Salary Adjustments and Reasoning (Tier 3) ...... Page 44 Respondents by Expense Class ...... Page 4 Salary Adjustments and Reasoning (Tier 4) ...... Page 45 Demographic Information: Employees ...... Page 5 Salary Adjustments and Reasoning (Tier 5) ...... Page 46 Respondents by Industry ...... Page 6 Organizational Demographics ...... Page 7 Section 4: Internal Audit Staffing Page 47 Organizational Demographics ...... Page 8 Internal Audit Staff Profile ...... Page 48 Sarbanes-Oxley ...... Page 9 Change in Internal Audit Staff Size ...... Page 49 Summary of Professional Audit Staff by Function ...... Page 50 Section 2: Summary Information Page 10 General and IT Auditors as a Percentage of Total Auditors ...... Page 51 Summary Information (Tier 1) ...... Page 11 Fraud and ESH Auditors as a Percentage of Total Auditors ...... Page 52 Summary Information (Tier 2) ...... Page 12 Other Compliance Auditors as a Percentage of Total ...... Page 53 Summary Information (Tier 3) ...... Page 13 Presence of Dedicated IT Audit Group ...... Page 54 Summary Information (Tier 4) ...... Page 14 Level of Education Sought for Auditors ...... Page 55 Summary Information (Tier 5) ...... Page 15 Level of Education Sought for Auditors Continued ...... Page 56 Revenues and Assets Per Auditor ...... Page 16 Internal Audit Experience of Auditors ...... Page 57 Expenses and Employees Per Auditor ...... Page 17 Relevant Non-Internal Audit Experience of Auditors ...... Page 58 Industry Experience of Auditors ...... Page 59 Section 3: Internal Audit Costs Page 18 Staff with Professional Designation as Percent of Total Staff ...... Page 60 Summary of Audit Costs ...... Page 19 Percent of Staff with Professional Designations ...... Page 61 Salary and Bonuses as % of Total Audit Costs (Excl. Benefits & Costs) ...... Page 20 Professional Designation Mix ...... Page 62 Salary and Bonuses as % of Total Audit Costs (Incl. Benefits & Costs) ...... Page 21 CIA Designation ...... Page 63 Benefits as a Percentage of Total Audit Costs ...... Page 22 Internal Audit Hiring Practices ...... Page 64 Travel and Training as % of Total Audit Costs (Excl. Benefits & Costs) ...... Page 23 Staff Turnover ...... Page 65 Travel and Training as % of Total Audit Costs (Incl. Benefits & Costs) ...... Page 24 Training Hours ...... Page 66 Total Costs per Auditor ...... SAMPLE...... Page 25 Total Costs per Auditor (with and without Travel) ...... Page 26 Section 5: Sourcing Page 67 Travel and Training Costs per Auditor...... Page 27 Sourced Staff Profile ...... Page 68 Summary of Compensation ...... Page 28 Costs of Purchased Services ...... Page 69 Summary of Compensation ...... Page 29 Level of Sourcing ...... Page 70 Employee Compensation - Certification ...... Page 30 What Internal Audit Activities are Sourced ...... Page 71 Employee Compensation - Increases ...... Page 31 Percentage of Audit Areas Sourced ...... Page 72 Employee Compensation - Avg Increase (Tier 1) ...... Page 32 Sourced Hours and Fees ...... Page 73 Employee Compensation - Avg Increase (Tier 1) ...... Page 33 Fees For Purchased Services ...... Page 74 Employee Compensation - Avg Increase (Tier 2) ...... Page 34 Future Reliance on Sourcing ...... Page 75 Employee Compensation - Avg Increase (Tier 2) ...... Page 35 Employee Compensation - Avg Increase (Tier 3) ...... Page 36 Section 6: External Audit Page 76 Employee Compensation - Avg Increase (Tier 3) ...... Page 37 External Audit ...... Page 77 Employee Compensation - Avg Increase (Tier 4) ...... Page 38 Total IA Hours Spent on External Audit ...... Page 78 Employee Compensation - Avg Increase (Tier 4) ...... Page 39 External Audit Fees as Percentage of Total Revenues, Assets, and Expenses ...... Page 79 Employee Compensation - Avg Increase (Tier 5) ...... Page 40 Employee Compensation - Avg Increase (Tier 5) ...... Page 41 Benchmarking Report: Your Organization
Section 8.2: Risk Assessments Page 108 Section 7: Internal Audit Oversight Page 80 Presence of Formal Risk Assessment Process for Internal Audit ...... Page 109 Section 7.1: Internal Audit Oversight - Chief Audit Executive Page 81 Frequency of Internal Audit Risk Assessment ...... Page 110 CAE Administrative Reporting Line ...... Page 82 Factors Influencing Risk Assessment...... Page 111 CAE Functional Reporting Line ...... Page 83 Presence of Engagement Level Risk Assessments ...... Page 112 Title of Chief Audit Executive ...... Page 84 Engagement Level Risk Assessments ...... Page 113 Responsibilities of Chief Audit Executive ...... Page 85 Section 9: Audit Implementation / Life Cycles / Reporting Page 114 Section 7.2: Internal Audit Oversight - Audit Committee Page 86 Allocation of Audit Staff Time ...... Page 115 Audit Committee ...... Page 87 Audit Life Cycle ...... Page 116 Audit Committee Chair...... Page 88 Audit Life Cycle - Reporting ...... Page 117 Audit Committee Chair...... Page 89 Tools and Techniques Utilized on Audits ...... Page 118 Private Sessions with Audit Committee ...... Page 90 Audit Engagement Reporting ...... Page 119 Presence of Audit Committee Charter...... Page 91 Responsibilities of Audit Committee ...... Page 92 Section 9.1: Observations and Follow-Up Audits Page 120 Information Shared with Audit Committee ...... Page 93 Audit Follow-Up Activities ...... Page 121 Professional Development of Audit Committee Provided by Internal Audit ...... Page 94 Days Outstanding for Open Items ...... Page 122 Evaluations of Audit Committee and Charter ...... Page 95 Opinion Activities ...... Page 123 Expertise Present on Audit Committee ...... Page 96 Section 10: Performance Management Page 124 Section 8: Risk Assessment and Audit Planning Page 97 Presence of Formal Quality Assurance and Improvement Program ...... Page 125 Section 8.1: Audit Planning Page 98 Section 10.1: Internal Quality Assessments Page 126 Audit Performance ...... Page 99 Frequency of Internal Quality Assessments ...... Page 127 Percent of Audits Planned Actually Performed ...... Page 100 Internal Quality Assessments ...... Page 128 Number of Unplanned Audits ...... Page 101 Section 10.2: External Quality Assessments Page 129 Audits Per Auditor ...... Page 102 Completion of External Quality Assessment ...... Page 130 Allocation of Audit Plan ...... Page 103 Obstacles of External Quality Assessment ...... Page 131 Percent of Total Hours for Unallocated Time ...... Page 104 Performance of External Quality Assessments ...... Page 132 Percent of Management Requests Completed ...... Page 105 Results of External Quality Assessment Shared With ...... Page 133 Type of Audit Plan ...... SAMPLE...... Page 106 Years Covered By Audit Plan ...... Page 107 Section 11: Subscribers By Industry Group Page 134 Benchmarking Report: Your Organization
Section 1: DemographicSAMPLE Information Benchmarking Report: Your Organization Respondents by Tier Group Respondents
Your Organization 1
Government 33
North America 235
Audit Staff Size: 1 to 5 58
Universe 316
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Page 2 Benchmarking Report: Your Organization Demographic Information: Financial
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Page 3 Benchmarking Report: Your Organization Respondents by Expense Class
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Page 4 Benchmarking Report: Your Organization Demographic Information: Employees
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Page 5 Benchmarking Report: Your Organization Respondents by Industry Value
Aerospace and Defense 2%
Agriculture, Forestry, and Fisheries 2%
Chemical/Drug 3%
Communications/Telecommunications 4%
Engineering/Construction 2%
Education 3%
Energy, Oil & Gas, and Mining 11%
Financial Services/Banking/Insurance 38%
Government 10%
Healthcare 6%
Manufacturing 19%
Real Estate 3%
Services 9%
Technology 6%
Transportation 4%
Utilities 10% Wholesale/Retail SAMPLE7%
Page 6 Benchmarking Report: Your Organization Organizational Demographics
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Page 7 Benchmarking Report: Your Organization Organizational Demographics
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Page 8 Benchmarking Report: Your Organization Sarbanes-Oxley
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Page 9 Benchmarking Report: Your Organization
Section 2: SummarySAMPLE Information Benchmarking Report: Your Organization Summary Information(Your Organization)
Revenues Revenues Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Revenues Revenues Under $500 Million
$500 Million - $1 Billion
$1 Billion - $5 Billion
$5 Billion - $15 Billion $5,000,000,000 1,000.00 4.00 $325,000 $50,000 0.0065% 0.001%
$15 Billion - $25 Billion
Over $25 Billion
Overall $5,000,000,000 1,000.00 4.00 $325,000 $50,000 0.0065% 0.001%
Assets Assets Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Assets Assets Under $500 Million
$500 Million - $1 Billion
$1 Billion - $5 Billion
$5 Billion - $15 Billion $5,000,000,000 1,000.00 4.00 $325,000 $50,000 0.0065% 0.001%
$15 Billion - $25 Billion Over $25 Billion SAMPLE Overall $5,000,000,000 1,000.00 4.00 $325,000 $50,000 0.0065% 0.001% Expenses Expenses Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Expenses Expenses Under $500 Million
$500 Million - $1 Billion
$1 Billion - $5 Billion $4,000,000,000 1,000.00 4.00 $325,000 $50,000 0.0081% 0.0013%
$5 Billion - $15 Billion
$15 Billion - $25 Billion
Over $25 Billion
Overall $4,000,000,000 1,000.00 4.00 $325,000 $50,000 0.0081% 0.0013%
Page 11 Benchmarking Report: Your Organization Summary Information(Government)
Revenues Revenues Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Revenues Revenues Under $500 Million $225,864,005 812.00 5.13 $957,150 $41,234 0.6377% 0.0399%
$500 Million - $1 Billion $767,549,333 2,074.00 12.27 $2,742,694 $366,977 0.3432% 0.0461%
$1 Billion - $5 Billion $2,436,776,744 2,550.00 17.93 $3,734,239 $487,445 0.1709% 0.0225%
$5 Billion - $15 Billion $6,301,292,020 3,677.00 18.39 $3,984,422 $363,452 0.0621% 0.0058%
$15 Billion - $25 Billion
Over $25 Billion $64,954,433,500 25,864.00 31.50 $6,181,024 $485,911 0.0096% 0.0007%
Overall $6,474,851,034 3,772.00 15.25 $3,179,805 $326,115 0.2636% 0.0237%
Assets Assets Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Assets Assets Under $500 Million $150,346,444 856.00 7.90 $1,337,592 $38,598 1.5834% 0.0618%
$500 Million - $1 Billion $811,887,168 597.00 5.50 $937,119 $52,738 0.1232% 0.0075%
$1 Billion - $5 Billion $2,877,414,721 2,857.00 8.14 $2,166,603 $363,242 0.1079% 0.0169%
$5 Billion - $15 Billion $7,726,528,000 5,684.00 8.88 $1,649,916 $70,000 0.0225% 0.001%
$15 Billion - $25 Billion $16,600,000,000 5,000.00 12.00 $1,684,077 0.0101% Over $25 Billion $338,671,321,605 SAMPLE4,807.00 23.73 $4,950,600 $501,465 0.0036% 0.0004% Overall $156,058,878,765 3,772.00 15.25 $3,179,805 $326,115 0.2269% 0.0132% Expenses Expenses Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Expenses Expenses Under $500 Million $264,878,695 1,009.00 12.22 $2,406,331 $261,657 0.9551% 0.0999%
$500 Million - $1 Billion $736,844,739 2,130.00 23.07 $5,530,763 $460,849 0.7609% 0.0628%
$1 Billion - $5 Billion $2,438,482,824 3,683.00 15.46 $3,386,480 $282,431 0.2003% 0.0175%
$5 Billion - $15 Billion $5,189,066,666 7,067.00 12.00 $2,265,427 $415,000 0.0431% 0.0083%
$15 Billion - $25 Billion
Over $25 Billion $64,628,256,000 48,557.00 25.00 $2,746,072 $417,100 0.0042% 0.0006%
Overall $3,209,817,071 3,772.00 15.25 $3,179,805 $326,115 0.648% 0.069%
Page 12 Benchmarking Report: Your Organization Summary Information(North America)
Revenues Revenues Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Revenues Revenues Under $500 Million $242,754,530 1,160.00 6.95 $973,219 $477,329 0.5145% 0.2715%
$500 Million - $1 Billion $769,436,327 2,585.00 10.79 $1,809,173 $1,370,195 0.2467% 0.2164%
$1 Billion - $5 Billion $2,284,285,541 5,180.00 11.17 $1,894,434 $1,948,115 0.0939% 0.09%
$5 Billion - $15 Billion $8,577,423,090 21,323.00 24.68 $4,152,681 $3,344,445 0.0495% 0.04%
$15 Billion - $25 Billion $18,844,951,727 75,580.00 30.65 $5,417,340 $4,923,347 0.0285% 0.0263%
Over $25 Billion $64,881,674,034 94,650.00 165.28 $27,459,721 $16,711,246 0.0462% 0.029%
Overall $9,769,173,505 19,321.00 28.61 $4,766,022 $3,488,736 0.1604% 0.1127%
Assets Assets Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Assets Assets Under $500 Million $282,764,014 2,027.00 6.04 $948,540 $630,968 2.2548% 1.8022%
$500 Million - $1 Billion $747,820,788 3,237.00 4.89 $762,342 $873,670 0.1026% 0.1202%
$1 Billion - $5 Billion $2,774,525,398 6,266.00 8.22 $1,309,975 $1,284,478 0.0536% 0.0525%
$5 Billion - $15 Billion $8,444,090,980 19,579.00 15.71 $2,477,240 $2,493,512 0.0313% 0.0321%
$15 Billion - $25 Billion $19,003,725,952 24,384.00 20.44 $3,564,420 $4,304,942 0.0184% 0.0219% Over $25 Billion $263,118,949,501 SAMPLE40,764.00 78.12 $13,179,151 $8,028,552 0.0098% 0.0069% Overall $71,992,052,711 19,321.00 28.61 $4,766,022 $3,488,736 0.1969% 0.1652% Expenses Expenses Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Expenses Expenses Under $500 Million $250,461,746 1,427.00 9.49 $1,504,281 $687,437 0.6266% 0.289%
$500 Million - $1 Billion $762,654,314 2,724.00 12.47 $2,321,730 $1,297,109 0.316% 0.1886%
$1 Billion - $5 Billion $2,417,827,963 8,546.00 11.89 $1,998,309 $2,259,651 0.0959% 0.1019%
$5 Billion - $15 Billion $8,195,010,025 24,364.00 26.32 $4,476,205 $3,904,115 0.0549% 0.0503%
$15 Billion - $25 Billion $18,493,371,116 83,352.00 47.21 $7,065,639 $4,650,018 0.0369% 0.027%
Over $25 Billion $59,118,046,031 104,961.00 178.32 $29,640,145 $18,256,918 0.0592% 0.0349%
Overall $7,833,122,344 19,321.00 28.61 $4,766,022 $3,488,736 0.2411% 0.1422%
Page 13 Benchmarking Report: Your Organization Summary Information(Audit Staff Size: 1 to 5)
Revenues Revenues Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Revenues Revenues Under $500 Million $201,617,143 1,058.00 3.11 $507,818 $208,709 0.4881% 0.228%
$500 Million - $1 Billion $744,551,173 2,238.00 3.47 $522,133 $590,886 0.0743% 0.0845%
$1 Billion - $5 Billion $1,679,584,459 6,189.00 4.08 $773,524 $1,037,058 0.0534% 0.071%
$5 Billion - $15 Billion $5,000,000,000 1,600.00 3.50 $807,500 $440,000 0.0161% 0.0088%
$15 Billion - $25 Billion
Over $25 Billion
Overall $808,077,736 2,498.00 3.41 $584,509 $461,346 0.3027% 0.1617%
Assets Assets Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Assets Assets Under $500 Million $237,316,679 1,616.00 2.92 $407,205 $344,183 2.0794% 1.8581%
$500 Million - $1 Billion $743,036,892 2,714.00 3.52 $619,792 $662,364 0.0867% 0.0992%
$1 Billion - $5 Billion $2,317,575,656 2,246.00 3.65 $684,836 $502,907 0.0344% 0.0312%
$5 Billion - $15 Billion $7,580,633,000 1,783.00 3.68 $629,100 $140,100 0.0082% 0.0018%
$15 Billion - $25 Billion Over $25 Billion $2,130,000,000,000 SAMPLE13,585.00 4.00 $743,250 Overall $75,104,687,554 2,498.00 3.41 $584,509 $461,346 0.676% 0.5919% Expenses Expenses Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Expenses Expenses Under $500 Million $175,399,111 1,162.00 3.16 $507,411 $291,212 0.5112% 0.1919%
$500 Million - $1 Billion $727,674,304 2,241.00 3.62 $580,215 $785,081 0.0878% 0.1169%
$1 Billion - $5 Billion $1,892,869,173 6,637.00 4.01 $754,168 $682,667 0.0493% 0.0417%
$5 Billion - $15 Billion $5,000,000,000 2,200.00 3.00 $1,290,000 $830,000 0.0258% 0.0166%
$15 Billion - $25 Billion
Over $25 Billion
Overall $709,140,379 2,498.00 3.41 $584,509 $461,346 0.3342% 0.1479%
Page 14 Benchmarking Report: Your Organization Summary Information(Universe)
Revenues Revenues Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Revenues Revenues Under $500 Million $253,421,055 1,134.00 6.60 $903,436 $386,006 0.4847% 0.2062%
$500 Million - $1 Billion $761,404,138 2,403.00 11.63 $1,649,781 $1,051,996 0.2249% 0.1643%
$1 Billion - $5 Billion $2,381,174,878 6,166.00 12.92 $1,994,406 $1,814,896 0.0949% 0.0822%
$5 Billion - $15 Billion $8,294,494,817 24,199.00 23.10 $3,774,693 $3,123,019 0.0461% 0.0373%
$15 Billion - $25 Billion $18,849,732,623 64,510.00 66.20 $11,011,943 $5,404,795 0.0575% 0.0289%
Over $25 Billion $62,330,357,124 90,639.00 156.43 $25,229,501 $15,488,928 0.0436% 0.0274%
Overall $8,989,730,310 19,112.00 28.82 $4,594,365 $3,154,084 0.1672% 0.0977%
Assets Assets Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Assets Assets Under $500 Million $253,319,928 1,556.00 5.65 $799,279 $438,488 1.6356% 1.2196%
$500 Million - $1 Billion $767,541,721 2,533.00 4.93 $745,949 $824,027 0.0994% 0.1141%
$1 Billion - $5 Billion $2,805,155,678 6,599.00 8.60 $1,323,369 $1,180,178 0.053% 0.047%
$5 Billion - $15 Billion $8,526,460,708 21,518.00 16.75 $2,481,450 $2,259,074 0.031% 0.0285%
$15 Billion - $25 Billion $18,919,158,607 20,896.00 19.13 $3,267,667 $4,029,773 0.0171% 0.0208% Over $25 Billion $294,433,960,191 SAMPLE39,509.00 78.10 $12,638,243 $7,340,923 0.0098% 0.0067% Overall $80,212,032,771 19,112.00 28.82 $4,594,365 $3,154,084 0.1721% 0.1347% Expenses Expenses Total Employees Audit Staff Count Internal Audit Costs Total External Audit IA Costs AS % of EA Fees AS % of Fees Expenses Expenses Under $500 Million $231,427,054 1,401.00 8.50 $1,284,774 $580,599 0.6365% 0.2534%
$500 Million - $1 Billion $756,155,817 2,675.00 13.01 $2,164,162 $1,147,327 0.294% 0.1664%
$1 Billion - $5 Billion $2,500,625,264 9,915.00 13.83 $2,122,346 $2,028,150 0.102% 0.0891%
$5 Billion - $15 Billion $8,229,170,503 28,147.00 34.11 $5,514,112 $3,756,580 0.0629% 0.0469%
$15 Billion - $25 Billion $18,352,084,463 71,452.00 66.92 $9,788,562 $5,204,410 0.0517% 0.0291%
Over $25 Billion $58,264,492,827 101,434.00 165.33 $27,206,977 $17,071,880 0.0543% 0.0327%
Over $25 Billion $7,293,282,222 19,112.00 28.82 $4,594,365 $3,154,084 0.2525% 0.128%
Page 15 Benchmarking Report: Your Organization Revenues and Assets Per Auditor
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Page 16 Benchmarking Report: Your Organization Expenses and Employees Per Auditor
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Page 17 Benchmarking Report: Your Organization
Section 3: InternalSAMPLE Audit Costs Benchmarking Report: Your Organization Summary of Audit Costs Salary Bonuses Employee Benefits Travel Training Purchased Allocated or Outsourced Total Services Overhead Costs Project Work Your Organization $230,000 $20,000 $60,000 $10,000 $5,000 $0 $0 $0 $325,000
Government $1,892,043 $134,464 $518,182 $95,927 $37,212 $106,018 $363,873 $43,113 $3,179,805
North America $2,709,609 $340,295 $728,788 $186,356 $37,847 $391,344 $233,280 $141,095 $4,750,909
Audit Staff Size: 1 $336,747 $35,271 $81,390 $21,236 $6,510 $75,257 $15,960 $13,573 $584,509 to 5 Universe $2,608,802 $310,991 $691,316 $191,406 $41,156 $363,526 $260,682 $130,610 $4,583,669
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Page 19 Benchmarking Report: Your Organization Salary and Bonuses as % of Total Audit Costs (Excl. Benefits and Allocated Costs)
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Page 20 Benchmarking Report: Your Organization Salary and Bonuses as % of Total Audit Costs (Incl. Benefits and Allocated Costs)
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Page 21 Benchmarking Report: Your Organization Benefits as a Percentage of Total Audit Costs
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Page 22 Benchmarking Report: Your Organization Travel and Training as % of Total Audit Costs (Excl. Benefits and Allocated Costs)
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Page 23 Benchmarking Report: Your Organization Travel and Training as % of Total Audit Costs (Incl. Benefits and Allocated Costs)
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Page 24 Benchmarking Report: Your Organization Total Costs per Auditor
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Page 25 Benchmarking Report: Your Organization Total Costs per Auditor (with and without Travel)
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Page 26 Benchmarking Report: Your Organization Travel and Training Costs per Auditor
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Page 27 Benchmarking Report: Your Organization Summary of Compensation
CAE Salary Cash Bonus Equivalent USD Value of Other Non- Total Cash Bonus Your Organization $150,000 $20,000 $5,000 $175,000
Government $150,000 $20,000 $5,000 $5,303
North America $125,000 $15,000 $5,000 $1,234
Audit Staff Size: 1 to 5 $150,000 $20,000 $5,000 $3,017
Universe $125,000 $15,000 $5,000 $918
Lead Auditor Salary Cash Bonus Equivalent USD Value of Other Non- Total Cash Bonus Your Organization $75,000 $2,500 $5,000 $82,500
Government $75,000 $2,500 $5,000 $2,500
North America $67,500 $1,750 $3,750 $621
Audit Staff Size: 1 to 5 $75,000 $2,500 $5,000 $1,422 Universe SAMPLE$67,500 $1,750 $3,750 $462
Reviewers / Managers Salary Cash Bonus Equivalent USD Value of Other Non- Total Cash Bonus Your Organization $95,000 $10,000 $5,000 $110,000
Government $95,000 $10,000 $5,000 $3,333
North America $85,000 $7,500 $3,000 $813
Audit Staff Size: 1 to 5 $95,000 $10,000 $5,000 $1,897
Universe $85,000 $7,500 $3,000 $604
Page 28 Benchmarking Report: Your Organization Summary of Compensation
College Hire Salary Cash Bonus Equivalent USD Value of Other Non- Total Cash Bonus Your Organization $50,000 $500 $1,000 $51,500
Government $50,000 $500 $1,000 $1,561
North America $47,500 $375 $1,000 $416
Audit Staff Size: 1 to 5 $50,000 $500 $1,000 $888
Universe $47,500 $375 $1,000 $309
Staff Salary Cash Bonus Equivalent USD Value of Other Non- Total Cash Bonus Your Organization SAMPLE$60,000 $1,000 $2,500 $63,500 Government $60,000 $1,000 $2,500 $1,924
North America $55,000 $750 $2,250 $494
Audit Staff Size: 1 to 5 $60,000 $1,000 $2,500 $1,095
Universe $55,000 $750 $2,250 $367
Page 29 Benchmarking Report: Your Organization Employee Compensation - Certification
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Page 30 Benchmarking Report: Your Organization Employee Compensation - Increases
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Page 31 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Your Organization)
CIA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
CRMA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire SAMPLE
CPA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
Page 32 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Your Organization)
CISA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
CFE Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive SAMPLE Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
Page 33 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Government)
CIA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
CRMA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire SAMPLE
CPA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
Page 34 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Government)
CISA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
CFE Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive SAMPLE Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
Page 35 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (North America)
CIA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 50% 50% / Managers Lead 100% Auditor Staff 50% 50%
College 50% 50% Hire
CRMA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 100% / Managers Lead 50% 50% Auditor Staff 50% 50%
College 50% 50% Hire SAMPLE
CPA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 50% 50% / Managers Lead 100% Auditor Staff 50% 50%
College 50% 50% Hire
Page 36 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (North America)
CISA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 50% 50% / Managers Lead 100% Auditor Staff 50% 50%
College 50% 50% Hire
CFE Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive SAMPLE Reviewers 50% 50% / Managers Lead 50% 50% Auditor Staff 50% 50%
College 50% 50% Hire
Page 37 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Audit Staff Size: 1 to 5)
CIA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
CRMA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire SAMPLE
CPA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
Page 38 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Audit Staff Size: 1 to 5)
CISA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
CFE Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 100% Executive SAMPLE Reviewers 100% / Managers Lead 100% Auditor Staff 100%
College 100% Hire
Page 39 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Universe)
CIA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 50% 50% / Managers Lead 100% Auditor Staff 50% 50%
College 50% 50% Hire
CRMA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 100% / Managers Lead 50% 50% Auditor Staff 50% 50%
College 50% 50% Hire SAMPLE
CPA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 50% 50% / Managers Lead 100% Auditor Staff 50% 50%
College 50% 50% Hire
Page 40 Benchmarking Report: Your Organization Employee Compensation - Avg Increase (Universe)
CISA Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive Reviewers 50% 50% / Managers Lead 100% Auditor Staff 50% 50%
College 50% 50% Hire
CFE Do Not 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 15% 20% 25% Greater Offer than 25% Chief Audit 50% 50% Executive SAMPLE Reviewers 50% 50% / Managers Lead 50% 50% Auditor Staff 50% 50%
College 50% 50% Hire
Page 41 Benchmarking Report: Your Organization Salary Adjustments and Reasoning (Your Organization) 1 - Very Frequent 2 - Occasional 3 - Infrequent, but possible 4 - Never 5 - Don't Know
Annual merit/performance 100% assessment Length of services/time in 100% job/Step rate Promotion 100%
Accelerated timing of salary 100% increase cycle to move employee closer to target salary Internal equity/addressing 100% salary compression Market adjustment/competitive 100% adjustment due to movement of salaries in external market for talent General/COLA (cost-of-living 100% adjustment) increase granted at the same level to all employees in the organization Adjustment for retention/critical skill need Pay increase for acquisition of 100% specific skill SAMPLE
Page 42 Benchmarking Report: Your Organization Salary Adjustments and Reasoning (Government) 1 - Very Frequent 2 - Occasional 3 - Infrequent, but possible 4 - Never 5 - Don't Know
Annual merit/performance 100% assessment Length of services/time in 100% job/Step rate Promotion 100%
Accelerated timing of salary 100% increase cycle to move employee closer to target salary Internal equity/addressing 100% salary compression Market adjustment/competitive 100% adjustment due to movement of salaries in external market for talent General/COLA (cost-of-living 100% adjustment) increase granted at the same level to all employees in the organization Adjustment for retention/critical skill need Pay increase for acquisition of 100% specific skill SAMPLE
Page 43 Benchmarking Report: Your Organization Salary Adjustments and Reasoning (North America) 1 - Very Frequent 2 - Occasional 3 - Infrequent, but possible 4 - Never 5 - Don't Know
Annual merit/performance 50% 50% assessment Length of services/time in 50% 50% job/Step rate Promotion 50% 50%
Accelerated timing of salary 50% 50% increase cycle to move employee closer to target salary Internal equity/addressing 50% 50% salary compression Market adjustment/competitive 50% 50% adjustment due to movement of salaries in external market for talent General/COLA (cost-of-living 100% adjustment) increase granted at the same level to all employees in the organization Adjustment for retention/critical skill need Pay increase for acquisition of 50% 50% specific skill SAMPLE
Page 44 Benchmarking Report: Your Organization Salary Adjustments and Reasoning (Audit Staff Size: 1 to 5) 1 - Very Frequent 2 - Occasional 3 - Infrequent, but possible 4 - Never 5 - Don't Know
Annual merit/performance 100% assessment Length of services/time in 100% job/Step rate Promotion 100%
Accelerated timing of salary 100% increase cycle to move employee closer to target salary Internal equity/addressing 100% salary compression Market adjustment/competitive 100% adjustment due to movement of salaries in external market for talent General/COLA (cost-of-living 100% adjustment) increase granted at the same level to all employees in the organization Adjustment for retention/critical skill need Pay increase for acquisition of 100% specific skill SAMPLE
Page 45 Benchmarking Report: Your Organization Salary Adjustments and Reasoning (Universe) 1 - Very Frequent 2 - Occasional 3 - Infrequent, but possible 4 - Never 5 - Don't Know
Annual merit/performance 50% 50% assessment Length of services/time in 50% 50% job/Step rate Promotion 50% 50%
Accelerated timing of salary 50% 50% increase cycle to move employee closer to target salary Internal equity/addressing 50% 50% salary compression Market adjustment/competitive 50% 50% adjustment due to movement of salaries in external market for talent General/COLA (cost-of-living 100% adjustment) increase granted at the same level to all employees in the organization Adjustment for retention/critical skill need Pay increase for acquisition of 50% 50% specific skill SAMPLE
Page 46 Benchmarking Report: Your Organization
Section 4: InternalSAMPLE Audit Staffing Benchmarking Report: Your Organization Internal Audit Staff Profile
In-House Staff Profile Chief Audit Executive Directors / Managers Seniors / Supervisors Staff Professional Staff Total Administration / Total Positions Clerical Your Organization 1 1 1 1 4 0 4
Government 1 3 4 7 15 1 16
North America 1 5 9 11 27 1 28
Audit Staff Size: 1 to 5 1 1 1 1 3 0 3
Universe 1 5 10 12 27 1 29
Sourced Staff Profile Chief Audit Executive Directors / Managers Seniors / Supervisors Staff Professional Staff Total Administration / Total Positions Clerical Your Organization 0 0 0 0 0 0 0
Government 0 0 0 0 1 0 1
North America 0 0 0 1 2 0 2
Audit Staff Size: 1 to 5 0 0 0 0 0 0 1 Universe 0 SAMPLE0 0 1 1 0 1
Overall Staff Profile Chief Audit Executive Directors / Managers Seniors / Supervisors Staff Professional Staff Total Administration / Total Positions Clerical Your Organization 1 1 1 1 4 0 4
Government 1 3 4 7 15 1 17
North America 1 6 10 12 29 1 30
Audit Staff Size: 1 to 5 1 1 1 1 3 0 4
Universe 1 5 10 13 29 1 30
Page 48 Benchmarking Report: Your Organization Change in Internal Audit Staff Size
SAMPLE
Page 49 Benchmarking Report: Your Organization Summary of Professional Audit Staff by Function General Internal Information technology Fraud auditors Environment, Health, Other compliance Other Total Auditors (IT) auditors and Safety internal auditors auditors Your Organization 2 1 1 0 0 0 4
Government 10.27 4.09 0.06 0.03 0.17 0.62 15.25
North America 20.52 5.05 0.91 0.15 0.95 0.94 28.53
Audit Staff Size: 1 to 5 2.62 0.49 0.11 0 0.16 0.04 3.41
Universe 21.16 4.89 0.92 0.17 0.79 0.83 28.76
SAMPLE
Page 50 Benchmarking Report: Your Organization General and IT Auditors as a Percentage of Total Auditors
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Page 51 Benchmarking Report: Your Organization Fraud and ESH Auditors as a Percentage of Total Auditors
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Page 52 Benchmarking Report: Your Organization Other Compliance Auditors as a Percentage of Total
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Page 53 Benchmarking Report: Your Organization Presence of Dedicated IT Audit Group
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Page 54 Benchmarking Report: Your Organization Level of Education Sought for Auditors
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Page 55 Benchmarking Report: Your Organization Level of Education Sought for Auditors Continued
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Page 56 Benchmarking Report: Your Organization Internal Audit Experience of Auditors
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Page 57 Benchmarking Report: Your Organization Relevant Non-Internal Audit Experience of Auditors
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Page 58 Benchmarking Report: Your Organization Industry Experience of Auditors
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Page 59 Benchmarking Report: Your Organization Staff with Professional Designation as Percent of Total Staff
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Page 60 Benchmarking Report: Your Organization Percent of Staff with Professional Designations
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Page 61 Benchmarking Report: Your Organization Professional Designation Mix
Internal Auditing (such as Information Systems Government Auditing, Control Self-Assessment Public Accounting, Management, General CIA, MIIA, PIIA) Auditing (such as CISA, Finance (such as CIPFA, (such as CCSA) Chartered Accountancy Accounting (such as CMA, QiCA, CISM) CGAP, CGFM) (such as CA, CPA, ACCA, CIMA, CGA) ACA) Your Organization 100% 25%
Government 45% 39% 15% 24% 38% 17%
North America 32% 26% 16% 14% 41% 18%
Audit Staff Size: 1 to 5 67% 52% 45% 47% 58% 44%
Universe 33% 26% 14% 17% 41% 17%
Accounting - Fraud Examination Financial Services Fellowship (such as Certified Financial Certification in Risk Other Certifications technician level (such (such as CFE) Auditing (such as FCA, FCCA, FCMA) Analyst (such as CFA) Management as CAT, AAT) CFSA, CIDA, CBA) Assurance (CRMA) Your Organization SAMPLE Government 24% 15% 27% 10% 25% 25%
North America 9% 18% 14% 10% 7% 18% 27%
Audit Staff Size: 1 to 5 27% 52% 35% 31% 48% 70%
Universe 10% 19% 14% 15% 7% 18% 28%
Page 62 Benchmarking Report: Your Organization CIA Designation
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Page 63 Benchmarking Report: Your Organization Internal Audit Hiring Practices
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Page 64 Benchmarking Report: Your Organization Staff Turnover
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Page 65 Benchmarking Report: Your Organization Training Hours
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Page 66 Benchmarking Report: Your Organization
Section 5: SourcingSAMPLE Benchmarking Report: Your Organization Sourced Staff Profile
Sourced Staff Profile Chief Audit Executive Directors / Managers Seniors / Supervisors Staff Professional Staff Total Administration / Total Positions Clerical Your Organization 0 0 0 0 0 0 0
Government 0 0.01 0.08 0.49 0.58 0.05 0.63
North America 0 0.24 0.48 0.99 1.71 0.01 1.72
Audit Staff Size: 1 to 5 0.01 0.13 0.14 0.21 0.49 0.02 0.51
Universe 0.01 0.2 0.43 0.85 1.49 0.01 1.5 SAMPLE
Page 68 Benchmarking Report: Your Organization Costs of Purchased Services
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Page 69 Benchmarking Report: Your Organization Level of Sourcing
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Page 70 Benchmarking Report: Your Organization What Internal Audit Activities are Sourced General internal auditing Information technology (IT) Subject matter expertise Fraud auditing Other None auditing Your Organization
Government 21% 27% 33% 3% 12% 42%
North America 38% 55% 46% 6% 9% 24%
Audit Staff Size: 1 to 5 26% 40% 22% 3% 7% 33%
Universe 38% 51% 43% 8% 9% 24%
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Page 71 Benchmarking Report: Your Organization Percentage of Audit Areas Sourced
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Page 72 Benchmarking Report: Your Organization Sourced Hours and Fees
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Page 73 Benchmarking Report: Your Organization Fees For Purchased Services
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Page 74 Benchmarking Report: Your Organization Future Reliance on Sourcing
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Page 75 Benchmarking Report: Your Organization
Section 6: ExternalSAMPLE Audit Benchmarking Report: Your Organization External Audit
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Page 77 Benchmarking Report: Your Organization Total IA Hours Spent on External Audit
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Page 78 Benchmarking Report: Your Organization External Audit Fees as Percentage of Total Revenues, Assets, and Expenses
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Page 79 Benchmarking Report: Your Organization
Section 7: InternalSAMPLE Audit Oversight Benchmarking Report: Your Organization
Section 7.1: Internal Audit Oversight Chief Audit Executive Benchmarking Report: Your Organization CAE Administrative Reporting Line
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Page 82 Benchmarking Report: Your Organization CAE Functional Reporting Line
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Page 83 Benchmarking Report: Your Organization Title of Chief Audit Executive
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Page 84 Benchmarking Report: Your Organization Responsibilities of Chief Audit Executive General internal IT auditing Fraud auditing Forensic Environment, Compliance Risk Ethics and Corporate social Other auditing investigations Health, and management business responsibility Safety conduct (sustainability) Your 100% 100% 100% Organization Government 100% 91% 73% 18% 21% 67% 52% 45% 18% 27%
North America 99% 94% 75% 30% 11% 55% 43% 39% 12% 18%
Audit Staff Size: 98% 83% 66% 28% 7% 52% 43% 40% 14% 16% 1 to 5 Universe 99% 94% 73% 30% 15% 58% 47% 41% 16% 19%
SAMPLE
Page 85 Benchmarking Report: Your Organization
Section 7.2: Internal Audit Oversight Audit Committee Benchmarking Report: Your Organization Audit Committee
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Page 87 Benchmarking Report: Your Organization Audit Committee Chair
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Page 88 Benchmarking Report: Your Organization Audit Committee Meetings
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Page 89 Benchmarking Report: Your Organization Private Sessions with Audit Committee
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Page 90 Benchmarking Report: Your Organization Presence of Audit Committee Charter
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Page 91 Benchmarking Report: Your Organization Responsibilities of Audit Committee
Selects the external Reviews the external Reviews preliminary Reviews results of Approves the charter of Reassesses and approves auditor and reviews the auditor's overall audit plan annual and interim engagements performed the internal audit activity a new internal audit audit fees and the financial statements by external auditors, activity charter annually engagement letter including management letter Your Organization 100% 100% 100%
Government 36% 85% 79% 85% 70% 58%
North America 91% 94% 92% 94% 94% 76%
Audit Staff Size: 1 to 5 79% 81% 74% 84% 78% 53%
Universe 87% 92% 89% 92% 91% 71%
Reviews and approves the Directly communicates Reviews evaluations of Ensures that engagement Reviews policies on Reviews financial internal audit activity's with the chief audit risk management control results are given due unethical and illegal statements to be plans and resource executive who regularly and governance processes consideration and receive procedures transmitted to regulatory requirements attends and participates in as reported by the internal distributions of agencies meetings auditors communications Your Organization
Government 73% 88% 88% 73% 52% 42%
North America 95% 97% 93% 75% 65% 74% Audit Staff Size: 1 to 5 76% SAMPLE84% 84% 60% 50% 59% Universe 92% 93% 91% 71% 62% 71%
Participates in the Reviews the impact of new Reviews the organization's Considers evaluations of Review performance of Reviews proposed selection of accounting or proposed legislation or insurance program the effectiveness and Chief Audit Executive compensation policies regulations efficiency of information systems Your Organization
Government 18% 33% 9% 61% 76% 39%
North America 31% 65% 29% 64% 81% 38%
Audit Staff Size: 1 to 5 21% 41% 28% 50% 62% 29%
Universe 34% 59% 28% 63% 79% 34%
Page 92 Benchmarking Report: Your Organization Information Shared with Audit Committee
Financial and resource Financial variance analysis Productivity measures Benchmark comparisons Organizational structure Coordination of internal budgets (actual versus budgeted versus other companies and external audit plans expenses) Your Organization
Government 87% 67% 67% 67% 73% 87%
North America 83% 49% 67% 59% 83% 80%
Audit Staff Size: 1 to 5 67% 27% 41% 39% 63% 61%
Universe 78% 46% 62% 53% 81% 76%
Risk assessment system Overall assessment of the Coverage of key organizational Fraud risks Assessment of fraud control corporate control environment risks environment Your Organization
Government 87% 83% 83% 70% 80%
North America 72% 72% 81% 62% 48%
Audit Staff Size: 1 to 5 67% 69% 61% 41% 29% Universe SAMPLE70% 73% 79% 61% 47%
Overall audit plan Percentage of audit plan Status of audits performed, Results of monitoring programs Significant findings from completed outstanding issues, etc. ("Audit concerning compliance with engagements Dashboard") laws, codes of conduct, and ethics Your Organization
Government 97% 97% 97% 63% 93%
North America 100% 90% 97% 63% 98%
Audit Staff Size: 1 to 5 98% 84% 94% 53% 92%
Universe 99% 91% 96% 63% 97%
Page 93 Benchmarking Report: Your Organization Professional Development of Audit Committee Provided by Internal Audit
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Page 94 Benchmarking Report: Your Organization Evaluations of Audit Committee and Charter
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Page 95 Benchmarking Report: Your Organization Expertise Present on Audit Committee Financial Business Legal Industry-specific Operational Information Fraud/forensics Internal/external management knowledge technology audit Your Organization 100% 100%
Government 91% 91% 39% 76% 70% 45% 18% 58%
North America 97% 94% 32% 80% 73% 32% 9% 55%
Audit Staff Size: 1 to 86% 84% 26% 62% 62% 17% 12% 47% 5 Universe 95% 92% 33% 78% 71% 31% 11% 54%
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Page 96 Benchmarking Report: Your Organization
Section 8: RiskSAMPLE Assessment and Planning Benchmarking Report: Your Organization
Section 8.1: Audit Planning Benchmarking Report: Your Organization Audit Performance
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Page 99 Benchmarking Report: Your Organization Percent of Audits Planned Actually Performed
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Page 100 Benchmarking Report: Your Organization Number of Unplanned Audits
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Page 101 Benchmarking Report: Your Organization Audits Per Auditor
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Page 102 Benchmarking Report: Your Organization Allocation of Audit Plan
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Page 103 Benchmarking Report: Your Organization Percent of Total Hours for Unallocated Time
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Page 104 Benchmarking Report: Your Organization Percent of Management Requests Completed
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Page 105 Benchmarking Report: Your Organization Type of Audit Plan
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Page 106 Benchmarking Report: Your Organization Years Covered By Audit Plan
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Page 107 Benchmarking Report: Your Organization
Section 8.2: Risk Assessment Benchmarking Report: Your Organization Presence of Formal Risk Assessment Process for Internal Audit
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Page 109 Benchmarking Report: Your Organization Frequency of Internal Audit Risk Assessment
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Page 110 Benchmarking Report: Your Organization Factors Influencing Risk Assessment
Degree of manual intervention / Confidence in management Extent of major change Sensitivity (e.g., image, public Employee turnover degree of automation (reorganization, new product relations, etc.) line, etc.) Your Organization
Government 73% 61% 97% 85% 73%
North America 73% 66% 94% 70% 71%
Audit Staff Size: 1 to 5 64% 47% 79% 55% 55%
Universe 70% 61% 93% 70% 66%
Fraud significance / potential Inherent risk Environmental factors Competitive pressures Complexity of activities
Your Organization
Government 88% 85% 67% 27% 85%
North America 87% 86% 52% 43% 86%
Audit Staff Size: 1 to 5 74% 74% 28% 26% 78% Universe SAMPLE87% 86% 50% 40% 86%
Control environment Time since last audit Continuous auditing - Degree of financial Velocity Aggregation of risks Volume of transactions risk and controls materiality assessments Your Organization
Government 97% 85% 55% 85% 18% 64% 76%
North America 91% 81% 32% 92% 34% 61% 68%
Audit Staff Size: 1 to 5 81% 76% 22% 79% 24% 55% 59%
Universe 90% 84% 33% 90% 29% 60% 67%
Page 111 Benchmarking Report: Your Organization Presence of Engagement Level Risk Assessments
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Page 112 Benchmarking Report: Your Organization Engagement Level Risk Assessments
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Page 113 Benchmarking Report: Your Organization
Section 9: Audit Implementation / Life Cycles / ReportingSAMPLE Benchmarking Report: Your Organization Allocation of Audit Staff Time Assurance Consulting Fraud Management Follow-up audits External audit Chargeable time Non-chargeable Non-chargeable Absences engagements engagements investigations requests and activities assistance -- other time -- training time -- other Your 5% 5% 10% 10% 10% 10% 50% Organization Government 50% 4% 1% 4% 4% 1% 9% 6% 9% 12%
North America 52% 5% 3% 5% 4% 4% 6% 4% 8% 9%
Audit Staff Size: 48% 6% 4% 8% 5% 4% 6% 5% 7% 9% 1 to 5 Universe 52% 5% 3% 5% 5% 3% 6% 4% 7% 10%
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Page 115 Benchmarking Report: Your Organization Audit Life Cycle
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Page 116 Benchmarking Report: Your Organization Audit Life Cycle - Reporting
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Page 117 Benchmarking Report: Your Organization Tools and Techniques Utilized on Audits
Analytical review Balanced scorecard or similar Benchmarking Computer-assisted audit Continuous auditing framework techniques (CAAT) Your Organization 100% 100%
Government 94% 42% 70% 76% 30%
North America 88% 16% 54% 68% 34%
Audit Staff Size: 1 to 5 84% 10% 47% 40% 16%
Universe 89% 16% 52% 66% 31%
Control self-assessment Data mining Flowchart software Process modeling software Statistical sampling
Your Organization
Government 33% 48% 55% 61%
North America 33% 57% 62% 4% 55%
Audit Staff Size: 1 to 5 24% 38% 41% 36% Universe SAMPLE35% 56% 58% 4% 56%
Quality assessment review tools Total quality management techniques Six sigma methodologies Electronic workpaper software
Your Organization
Government 36% 9% 15% 73%
North America 29% 6% 12% 67%
Audit Staff Size: 1 to 5 17% 2% 50%
Universe 29% 8% 11% 66%
Page 118 Benchmarking Report: Your Organization Audit Engagement Reporting Highlight repeat Rate observations and Rank observations and Include management Provide an overall Provide an overall Include positive findings in audit findings findings based on action plans "score" for the audit opinion on the audit findings reports likelihood and significance Your Organization 100% 100%
Government 76% 76% 67% 97% 30% 79% 79%
North America 81% 78% 50% 97% 33% 75% 57%
Audit Staff Size: 1 to 5 66% 72% 45% 93% 31% 69% 52%
Universe 79% 81% 55% 96% 40% 78% 59%
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Page 119 Benchmarking Report: Your Organization
Section 9.1: Observations and Follow-Up Audits Benchmarking Report: Your Organization Audit Follow-Up Activities
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Page 121 Benchmarking Report: Your Organization Days Outstanding for Open Items
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Page 122 Benchmarking Report: Your Organization Opinion Activities
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Page 123 Benchmarking Report: Your Organization
Section 10: PerformanceSAMPLE Management Benchmarking Report: Your Organization Presence of Formal Quality Assurance and Improvement Program
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Page 125 Benchmarking Report: Your Organization
Section 10.1: Internal Quality Assessments Benchmarking Report: Your Organization Frequency of Internal Quality Assessments Ongoing Reviews Periodic Reviews
Your Organization 100%
Government 55% 45%
North America 58% 42%
Audit Staff Size: 1 to 5 54% 46%
Universe 59% 41%
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Page 127 Benchmarking Report: Your Organization Internal Quality Assessments
Tools Utilized for Internal Assessments Engagement Checklists Project budgets Timekeeping Audit plan Cost recoveries Interviews and Benchmarking supervision systems completion and surveys summary reports Your Organization 100% 100% 100%
Government 94% 100% 64% 79% 85% 12% 73% 64%
North America 91% 89% 70% 66% 88% 14% 57% 64%
Audit Staff Size: 1 to 85% 72% 57% 52% 78% 13% 48% 41% 5 Universe 92% 88% 65% 63% 88% 14% 57% 63%
Results of Internal Assessments Shared With Senior management Audit committee Board of directors External auditors Other appropriate persons No one outside the activity Your Organization 100% SAMPLE100% 100% Government 79% 88% 27% 48% 39% 3%
North America 80% 88% 18% 40% 21% 8%
Audit Staff Size: 1 to 5 70% 73% 25% 30% 11% 16%
Universe 76% 86% 24% 39% 21% 9%
Page 128 Benchmarking Report: Your Organization
Section 10.2: External Quality Assessments Benchmarking Report: Your Organization Completion of External Quality Assessment
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Page 130 Benchmarking Report: Your Organization Obstacles of External Quality Assessment
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Page 131 Benchmarking Report: Your Organization Performance of External Quality Assessments
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Page 132 Benchmarking Report: Your Organization Results of External Quality Assessment Shared With Senior management Audit committee Board of Directors External auditors Other appropriate persons No one outside the activity Your Organization 100% 100%
Government 93% 90% 48% 59% 38%
North America 94% 95% 26% 63% 31%
Audit Staff Size: 1 to 5 95% 80% 45% 50% 25%
Universe 90% 95% 35% 62% 31%
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Page 133 Benchmarking Report: Your Organization
Section 11: SubscribersSAMPLE By Industry Group