A BALANCED SCORECARD FRAMEWORK FOR INTERNAL AUDITING DEPARTMENTS

A BALANCED SCORECARD FRAMEWORK FOR INTERNAL AUDITING DEPARTMENTS Mark L. Frigo. Altamonte Springs, FL: The Institute of Internal Auditors Research Foundation, 2002, 101 pages.

This research study provides chief audit executives with a strategic performance measurement tool, enabling internal auditing departments to focus on adding value within organizations while responding to changing priorities, corporate strategies, and technology. In addition to using the balanced scorecard framework for the measurement of internal audit performance, the concept is useful for giving internal auditors a "thought leadership" role by introducing balanced scorecard to various activities within the organization. This will enable internal auditors to fulfill their responsibilities to improve the effectiveness of risk management, control, and governance processes.

The five principles of...