A Balanced Scorecard Framework for Internal Auditing Departments

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9780894134401: A Balanced Scorecard Framework for Internal Auditing Departments

Internal auditing's changing mission, roles, and strategies have led departments to rethink and refine their strategy and performance priorities. The balanced scorecard is an effective tool for fine-tuning and implementing strategy and for showcasing the value of an internal audit department. If you have been searching for a way to keep score in the midst of change, look no more! This is just the tool you have been seeking. Presented in an easy-to-follow format, the scorecard methodology in this research report will help you refine and translate your departmental strategy into positive action. But that's not all. You will learn how to further demonstrate the value of your department by better meeting stakeholder/customer expectations and priorities and reflecting corporate initiatives and priorities in your strategic plan and performance metrics. With this IIA Research Foundation publication, you will score big with: Internal audit quality and innovation Enhanced departmental capabilities. Process improvement. Value-added services. Performance measure benchmarking.

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About the Author:

Mark L. Frigo, PhD, CPA, CMA, is Eichenbaum Foundation Distinguished Professor of Strategy and Leadership and program administrator of the MBA programs in both financial management & control and management accounting in the Kellstadt Graduate School of Business at DePaul University. He received his B.S. degree in Accounting from the University of Illinois, MBA degree from Northern Illinois University, PhD in Economics and Econometrics from Northern Illinois University, and postgraduate work at Northwestern University. Frigo’s rich professional background includes extensive experience as a management consultant in strategic services at KPMG Peat Marwick, as well as work in the corporate sector. He is an advisor to the Executive office of Grant Thornton, LLP. A highly demanded speaker and consultant, Frigo helps organizations to design and execute strategy for maximum value creation. He has assisted many organizations in Balanced Scorecard initiatives.

A prolific writer, Frigo has authored numerous professional and academic journal articles and books, including Cost Accounting, Advisory Comments for Growth and Profitability, The Role of Internal Auditors in Business Process Reengineering, and Providing Benchmarking Services for Internal Auditing Clients; and is the principal researcher for the Institute of Management Accountants’ Performance Measurement Survey. Frigo previously led two research projects sponsored by The IIA Research Foundation: The Role of Internal Auditors in Business Process Reengineering and Providing Benchmarking Services for Internal Auditing Clients.

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Mark L. Frigo
Editorial: Inst of Internal Auditors (2002)
ISBN 10: 089413440X ISBN 13: 9780894134401
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Mark L. Frigo
Editorial: Inst of Internal Auditors (2002)
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Editorial: Inst of Internal Auditors
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