My very strong advice is to avoid/resist quantifying the value of internal
audit in financial terms.
Try to direct people to measure IA in terms of achieving our (audit)
business objectives. The key to this, of course, is that you must provide a
rigorous annual audit business plan in terms that are capable of
measurement.
how can you quantify anything that is �preventative?
David Taylor
Head of Internal Audit & Compliance
CAPITAL G Bank Ltd
Bermuda
001.441.294.5082 (direct)
001.441.296.7335 (fax)
www.capital-g.com
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| | 01/22/03 12:07 AM | � � � � Subject: |
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Hi all,
Can anyone offer me some insights on the following;
How to define and quantify the dollar impact of the audit findings'
contribution?
For an instance, we have one finding about "No stamp "Paid" to supporting
documents of voucher payments". Then how to quantify the amount of
contribution resulting from this finding?
Any input or guide line is highly appreciated.
Many thanks.
Hariadi L
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