Audit Benchmarking Club

The audit benchmarking club collects staffing (central and local) and cost data for the internal audit function in order to derive the number of audit days available and the cost per audit day.

Why benchmark?

Benchmarking is a vital tool that helps drive improvements and deliver value for money. By measuring your back office functions and comparing performance to similar organisations, you can identify where changes are needed and improve efficiency.

From collecting cost data we then compare the audit days per £m authority gross revenue turnover.

This is further analysed by:

  • Service and delivery costs
  • Audit days
  • Financial characteristics and staffing
  • IT
  • Corporate governance
  • Report outputs
  • Assurance levels.

We also compare and analyse the cost per auditor and the number of chargeable days per auditor.

Benefits

Join and you'll benefit from:

  • clearly defined and well-presented questionnaires
  • helpline and email service
  • detailed comparative reports
  • club database, interactive report, collated text questions.

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