An internal auditor wants to compare her organization’s governance processes to those of a well-known governance model. Which of the following approaches would the auditor take for this purpose?
A.
Perform a gap analysis to assess me differences between the approaches
B.
Assess the governance processes using computerized modeling techniques
C.
identify any differences between the processes using a variance analysis
D.
Benchmark the governance processes using a capability maturity modal
When an internal auditor wants to compare her organization’s governance processes to those of a well-known governance model, performing a gap analysis is the most effective approach. A gap analysis involves comparing the current state (the organization ' s existing governance processes) with the desired state (the well-known governance model). This analysis identifies the gaps or differences between the two, which can then be addressed to improve the organization ' s governance practices. It helps in pinpointing specific areas where the organization ' s practices fall short and need enhancement.
The IIA Standards: Standard 2130 – Governance: " The internal audit activity must assess and make appropriate recommendations to improve the organization ' s governance processes. "
IIA Practice Guide: " Assessing Organizational Governance in the Public Sector " : Discusses the use of gap analysis to evaluate governance frameworks.
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