Key Responsibility Areas (KRA) & Key Performance Indicators (KPI) for Staff Auditor
1. Audit Planning and Preparation
KRA: Developing comprehensive audit plans to ensure effective execution of audits.
Short Description: Efficiently plan and prepare for audits.
- Number of audit plans completed per quarter
- Adherence to audit timelines
- Percentage of audit objectives met
- Quality of audit documentation
2. Risk Assessment and Analysis
KRA: Identifying and evaluating risks to determine audit scope and focus.
Short Description: Conduct risk assessments for audits.
- Accuracy of risk identification
- Effectiveness of risk mitigation strategies
- Alignment of audit scope with identified risks
- Timeliness of risk assessment reports
3. Audit Execution and Fieldwork
KRA: Conducting audit fieldwork in accordance with established procedures and standards.
Short Description: Perform audit procedures on-site.
- Completion of audit fieldwork within set timelines
- Accuracy of audit testing processes
- Documentation of audit findings and observations
- Compliance with audit standards and regulations
4. Reporting and Communication
KRA: Compiling audit reports and effectively communicating findings to stakeholders.
Short Description: Prepare and present audit reports.
- Clarity and completeness of audit reports
- Feedback from stakeholders on report quality
- Timeliness of report submission
- Implementation rate of audit recommendations
5. Continuous Improvement
KRA: Identifying areas for process improvement within the audit function.
Short Description: Drive continuous improvement initiatives.
- Number of process improvement recommendations implemented
- Impact of improvements on audit efficiency
- Feedback from team members on improvement initiatives
- Alignment of improvements with industry best practices
6. Compliance Monitoring
KRA: Monitoring compliance with internal policies, external regulations, and audit standards.
Short Description: Ensure adherence to compliance requirements.
- Rate of compliance with audit standards
- Number of compliance breaches identified and resolved
- Effectiveness of compliance monitoring processes
- Feedback from regulatory bodies on compliance practices
7. Training and Development
KRA: Providing training and development opportunities to enhance audit team competencies.
Short Description: Foster professional growth within the audit team.
- Number of training sessions conducted per quarter
- Participation rate in training programs
- Feedback from team members on training effectiveness
- Improvement in audit team performance post-training
8. Stakeholder Relationship Management
KRA: Building and maintaining positive relationships with audit clients and stakeholders.
Short Description: Manage relationships for effective audits.
- Client satisfaction ratings
- Feedback from stakeholders on communication effectiveness
- Resolution time for stakeholder queries and concerns
- Number of repeat engagements with satisfied clients
9. Technology Utilization
KRA: Leveraging technology tools for efficient audit processes and data analysis.
Short Description: Optimize technology for audit functions.
- Usage rate of audit software tools
- Time saved through technology utilization
- Accuracy of data analysis using technology
- Feedback from team on technology effectiveness
10. Quality Assurance
KRA: Implementing quality assurance measures to ensure audit accuracy and reliability.
Short Description: Maintain high audit quality standards.
- Quality review ratings for audit workpapers
- Internal and external audit quality assessment scores
- Number of audit errors detected and corrected
- Continuous improvement in audit quality metrics
