are intended to accomplish and how they judge performance; planning and control systems may be a focal point in monitoring … performance but other organisational data may need to be sought. Formal performance standards may need to be established and the …

This paper explores approaches to measure the performance of the internal audit function. Based upon three proposed … dimensions of formal internal audit performance - material performance, cost and risk - it uses competence research methodology … to characterize and structure internal audit competence as the prerequisite for material performance that can be measured …