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Audit Budget & Efficiency Benchmark tool can be used for:
Resource Management
- Plan and allocate resources for the upcoming year
- Identify areas to cut costs or optimize spend
- Evaluate outsourced and co-sourced resourcing model
Structure and Coverage
- Identify opportunities to grow and support case for new investments
- Inform functional transformation or restructuring initiative
- Evaluate risk assessment, audit planning and execution processes
Technology Investments
- Benchmark your technology investments
- Implement new software solutions
Benefits of the Audit Budget & Efficiency Benchmark Tool
Helps CAEs justify the current allocation of resources and organizational structure to stakeholders, ensuring that the department is adequately equipped to meet its objectives.
Provides insights into potential areas for growth, helping CAEs build a strong business case for additional investments, such as hiring more staff or creating specialized roles.
Assists in analyzing current spending and staffing levels to identify areas where current resources can be reallocated for greater efficiency and effectiveness.
Evaluates current technology use and compares it against peers to identify potential areas for technological investment.
Key Features of the Audit Budget & Efficiency Benchmark Tool
Instant reporting
Receive automatically generated, online interactive reporting and a Microsoft PowerPoint summary that displays their responses benchmarked against those of their closest peers.
Tailored advice from a Gartner expert
Speak with a Gartner expert to uncover key findings, detail?next steps, and get support on implementation of best?practices.
Dynamic peer group comparisons?
Compare your function to one or two peer groups at a time, defined by factors such as revenue, employee count, industry, ownership model, headquarters location, and complexity.
List of Gartner support to take action on results
You will get a tailored selection of Gartner insight and resources to support you from strategy through execution and beyond.
Client Success Story
Build a Robust Audit Analytics Strategy
Gartner helped the CAE to advance analytical goals by using analytics in five key areas, reducing their audit time from eight weeks to one, saving over $60,000, and enabling data-based discussions for enhanced audit and outcomes.?
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