Which of the following are common issues with benchmarking tool used by internal auditors? Benchmarking need face-to-face contact or discussion with other organizations O Benchmarking information is often proprietary and organizations are reluctant to share it with other organizations. Benchmarking can show areas of excellence within the organization but internal audits should focus on exception-based reporting O Typical metrics used in benchmarking are time, quality, and cost
Which of the following are common issues with benchmarking tool used by internal auditors? Benchmarking need face-to-face contact or discussion with other organizations O Benchmarking information is often proprietary and organizations are reluctant to share it with other organizations. Benchmarking can show areas of excellence within the organization but internal audits should focus on exception-based reporting O Typical metrics used in benchmarking are time, quality, and cost
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Which of the following are common issues with benchmarking tool used by internal auditors?
Benchmarking need face-to-face contact or discussion with other organizations
O Benchmarking information is often proprietary and organizations are reluctant to share it with other organizations.
Benchmarking can show areas of excellence within the organization but internal audits should focus on exception-based reporting
O Typical metrics used in benchmarking are time, quality, and cost
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