In which of following scenarios is the internal auditor performing benchmarking?

Question

Options

• AThe auditor compares information from one period with the same information from the poor period
• BThe auditor compares new information to his general knowledge of the organization
• CThe auditor compares information he collected with simmer information from another source
• DThe auditor compares expected outcomes with actual results

• A
  4% (1)
• B
  4% (1)
• C
  91% (21)

Explanation

Benchmarking in internal auditing involves comparing the performance or practices of the audited entity against a standard or best practice, which often involves using information from other organizations or sources as a reference. This process helps identify areas for improvement and set performance targets. Thus, comparing the collected information with similar information from another source is the correct definition of benchmarking.

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