Benchmarking competency standards for internal auditing

The management team of Allstate Insurance Company's (Northbrook, Illinois, USA) Internal Audit group decided to tackle the CFIA (Competency Framework for Internal Auditing) head-on by benchmarking their function against the CFIA competency standards. CFIA's sheer size had apparently caused many auditors to defer serious consideration of its content until 'how to' implementation guidance was developed. Allstate's Internal Audit group felt that knowing what this comprehensive global study had to s...

BPIR Categories

14.2.2 Benchmark performance measures with noncompetitors
2.2.4 Formulate and review business unit strategy