What it is
Performance measures show the board how the internal audit function is doing and where it needs to improve. This workbook tracks ten common measures against targets you set, quarter by quarter, with a status for the latest quarter.
The targets and directions are yours; the sheet carries none. Add a comment and an action when a measure misses.
When to use it
- For the quarterly report to the audit committee.
- As ongoing monitoring under the quality assurance and improvement program.
- When setting goals for the function.
What’s inside
- Ten indicators with definition and direction
- Target and four quarterly actuals
- Latest actual and Met or Not met status
- Count of indicators met and not met
Standard cited
This template follows IIA Global Internal Audit Standards (2024). It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
Which measures should we track?
A small set you can measure the same way every quarter. The sample covers plan completion, timeliness, action closure, coverage, budget variance, cycle time, satisfaction, training, repeat findings and quality review. Replace what does not suit.
How does the sheet pick the latest quarter?
It takes the last quarter with an entry, so you can fill the year as it goes without clearing earlier quarters.
Related templates
- Internal Audit Quality Assurance and Improvement Program Plan
- Audit Committee Report from Internal Audit
- Global Internal Audit Standards Conformance Checklist
- Internal Audit Annual Plan Workbook
Last updated 11/05/2026. All free templates.