Internal Auditor Performance Review Template

Internal Auditor Performance Review Example

Are you looking for help setting up a performance review checklist so that when you have your HR review meeting with your Internal Auditor, you can ensure you’re covering all the best practice areas? In the outline below, we give an outline of each section of the performance review template with tips, including employee information, performance summary, KPAs for your Internal Auditor, goal achievement, strengths and accomplishments, areas for improvement, performance review comments, a development plan and more.

Employee Information

Basic details such as name, job title (Internal Auditor), department, review period, and reviewer’s name. This sets the context and ensures accurate documentation.

Performance Summary

In the Performance Summary section for an Internal Auditor in the accounting industry, it is essential to highlight the employee’s effectiveness in evaluating and improving the organization’s financial and operational processes. This includes their ability to identify risks, ensure compliance with regulations, and recommend actionable improvements. The summary should reflect the auditor’s analytical skills, attention to detail, and ability to communicate findings clearly to stakeholders. It should also acknowledge their contributions to enhancing internal controls and safeguarding assets. Additionally, the summary should capture the auditor’s collaboration with team members and other departments, emphasizing their role in fostering a culture of accountability and transparency. Overall, the summary should provide a concise yet comprehensive view of the auditor’s impact on the organization’s financial integrity and operational efficiency.

Key Performance Areas (KPAs)

In a performance review for an Internal Auditor in the accounting industry, the Key Performance Areas should encompass several critical aspects. Technical Skills are paramount, assessing the auditor’s proficiency in auditing standards, financial regulations, and accounting software. Productivity and Efficiency should evaluate the auditor’s ability to complete audits within deadlines while maintaining accuracy. Collaboration and Communication are essential, focusing on the auditor’s effectiveness in working with team members and stakeholders, as well as their ability to clearly convey findings and recommendations. Quality of Work is crucial, examining the thoroughness and reliability of audit reports and the auditor’s attention to detail. These KPAs collectively provide a comprehensive evaluation of the auditor’s competencies and contributions, ensuring alignment with organizational goals and compliance requirements.

Goal Achievement

In the Goal Achievement section of a performance review for an Internal Auditor in the accounting industry, it is crucial to assess the progress made toward previously established audit objectives and compliance goals. This evaluation should consider the auditor’s effectiveness in identifying and mitigating risks, adherence to audit schedules, and the quality of audit reports produced. It is important to highlight any successful implementation of audit recommendations and improvements in internal controls. Additionally, the review should address any challenges faced in achieving these goals and discuss the support needed to overcome them. Recognizing areas where the auditor has excelled, such as enhancing audit processes or contributing to team goals, is essential. This section ultimately aims to provide a comprehensive understanding of the auditor’s ability to meet expectations and contribute to the organization’s financial integrity.

Strengths and Accomplishments

In the Strengths and Accomplishments section of a performance review for an Internal Auditor in the accounting industry, it is essential to highlight the employee’s analytical skills, attention to detail, and ability to identify and mitigate risks. Recognize their proficiency in conducting thorough audits, ensuring compliance with regulations, and improving internal controls. Acknowledge their role in enhancing operational efficiency and their contribution to safeguarding the organization’s assets. Emphasize their effective communication skills in presenting audit findings and recommendations to management, as well as their ability to collaborate with various departments to implement improvements. Highlight any certifications or professional development achievements that demonstrate their commitment to staying current in the field. Celebrating these accomplishments not only validates their contributions but also encourages continued excellence and professional growth.

Areas for Improvement

In the Areas for Improvement section of a performance review for an internal auditor in the accounting industry, it is important to focus on enhancing analytical skills, attention to detail, and communication abilities. Constructive feedback might highlight the need for more thorough data analysis to identify discrepancies or inefficiencies, using specific instances where errors were overlooked. Encouraging the auditor to engage in continuous learning about the latest auditing software and industry regulations can also be beneficial. Additionally, improving report-writing skills to ensure clarity and conciseness, as well as fostering better collaboration with team members and stakeholders, can enhance overall effectiveness. By providing actionable insights and examples, the review should aim to motivate the auditor to pursue professional development opportunities that align with both personal growth and organizational goals.

Development Plan and Goals for the Next Period

In the Development Plan and Goals for the Next Period section of a performance review for an Internal Auditor in the accounting industry, it is essential to outline goals that enhance both technical and soft skills. This could involve pursuing certifications such as Certified Internal Auditor (CIA) or attending workshops on the latest auditing software. Additionally, setting SMART goals like completing a specific number of audits with zero discrepancies within the next quarter can drive performance. Encouraging participation in cross-departmental projects can also broaden their understanding of organizational processes. Mentorship opportunities should be considered to foster leadership skills and provide guidance on complex audit scenarios. These initiatives aim to align the auditor’s growth with the company’s objectives, ensuring they contribute effectively to maintaining financial integrity and compliance.

Rating Scale

A rating scale (e.g., 1-5 or “Needs Improvement” to “Exceeds Expectations”) standardizes feedback and makes performance levels more understandable.

Employee Comments

A space for your Internal Auditor employee to share their thoughts, feedback, or concerns about their review. This encourages dialogue and helps employees feel engaged in the process.

Signatures and Date

Signatures from both the Internal Auditor employee and reviewer indicate that the review was discussed and agreed upon, making it official and fostering accountability.

Building your Internal Auditor Performance Review template

From reading through the items in the example Internal Auditor checklist template above, you’ll now have an idea of how you can apply best practices to running Internal Auditor performance review meetings. Need help getting started? Scroll up to get a template that will save you hours of time.