Internal Audit Benchmarking Trends in Healthcare

Know where you stand

By Kendalyn Rising, MHA, and Matt Jackson, CHIAP, PMP

Global Internal Audit Standards require that a charter specify the internal audit function’s organizational position and reporting relationships and describe administrative reporting responsibilities, such as the process for approving human resources administration and budgets. Leaders can use benchmarking comparisons to gauge the alignment of their strategy, structure, responsibilities, and resources.

Reprinted with permission from the Association of Healthcare Internal Auditors, Inc.

Most frequently, respondents co-source to conduct information technology audits.
Surprisingly, respondents without a formal IA follow-up process increased from last year.
Half of the respondents noted that IA incorporates a component of fraud risk management in all audits.
Although the majority of respondents indicated that SOX is neither required nor adopted within their institutions, some have taken steps toward its adoption.
No respondents mentioned a lack of subject-matter expertise as a reason for not having an ERM process.
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