Internal Audit Value Scorecards

This tool contains scorecards that provide various guidelines for managing and measuring the performance of an internal audit function.

Best practices include documenting internal controls over financial reporting, developing a standard control structure model, tracking enterprise risk management (ERM) action plans, standardizing the ICFR control structure, identifying application controls, performing joint walk-throughs to reduce time and effort, standardizing reports utilized in control performance, providing recommendations to remediate Sarbanes-Oxley (SOX) findings, facilitating SOX compliance training, and partnering with management for adequate SOX coverage.