When performing benchmarking during the planning phase of a performance audit, an internal auditor should:
A) Determine the current performance gap.
B) Project future performance levels.
C) Develop functional action plans.
D) Identify comparative organizations.

Question

Quizplus · Accepted Answer

Benchmarking involves comparing an organization's processes and performance metrics to industry bests or best practices from other organizations. Identifying comparative organizations is a key step in this process.

When Performing Benchmarking During the Planning Phase of a Performance