The Benchmark Place committee aims to share knowledge and best practices on relevant topics for Internal Audit Functions (IAFs). To this end, the committee encourages the use of the Benchmark Place Tool, which provides access to the Internal Audit Ambition Model (IA AM) and the Scorecard. Where the Ambition Model is intended for strategic planning, the Scorecard focuses on the underlying operational management of the IAF.
The Ambition Model is an excellent tool for IAFs in self-assessment, internal validation of compliance with the IPPF Standards, establishing the level of ambition and determining the steps the IAF wants to take to grow further. In addition, the available reports from the Ambition Model can be used by CEA to communicate with the Board and other stakeholders about your added value as an IAF.
With the Scorecard, your IAF looks at the underlying factors, such as staffing, training and budgets. The Ambition Model and the Scorecard are structured around the same themes, so that the analyses of both reinforce each other. In addition, if there are enough participants, your IAF can benchmark with similar IAFs (of your own choice) within Europe, on concrete and current internal audit topics.
By encouraging as many organizations as possible to use the Benchmark Place Tool and share best practices and feedback, you can continue to develop as an IAF. The committee uses the best practices and feedback to periodically update the Ambition Model and Scorecard to support the IAF in successfully fulfilling the internal audit function.
The Benchmark Place Committee consists of the following individuals:
The Benchmark Place Committee works closely with other IIA committees for organizing events, collecting feedback and sharing (professional) knowledge.
The Benchmark Place Committee was formed through collaboration between the Task Force Internal Audit Ambition Model (IA AM) and the Benchmarking Committee.
For questions or comments, please contact the members of the Benchmark Place Committee via: benchmarking@iia.nl.
