May 23, 2017 - 9:47am
#1
I was wondering what the consensus in the world of I/A is to the following issue:
CU management is changing the structure of annual performance evaluations to include a component which consists of 5 common CU financial goals. Internal Audit's level within the organization will have approx 20% of its annual appraisal tied to how well the CU does in these 5 metrics. The other 80% will be rated on I/A specific performance objectives. Any thoughts on if this is common in our industry and how this might affect I/A's independence? Thank you in advance for your feedback!