Cycle time in days from reporting of a control violation until investigation is completed and remediation steps/control changes are developed

This measure calculates the number of days that elapse from reporting of a control violation until investigation is completed and remediation steps/control changes are developed. Control violations here pertain to financial reporting/accounting and/or relate to security of or access to financial records. It is part of a set of Cycle Time measures that help companies analyze the duration from beginning to end of the "operate controls and monitor compliance with internal controls policies and procedures" process, which incorporates planning, management, operations, and monitoring of internal control mechanism policies and procedures in order to manage internal controls.

Benchmark Data

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Measure Category:
Cycle Time
Measure ID:
100148
Total Sample Size:
766 All Companies
Performers:
25th Median 75th
- - -
Key Performance Indicator:
Yes

Sample image showing interactive filters for more detailed measure peer group data and an interactive graph.

Compute this Measure

Units for this measure are days.

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Cycle time in days from reporting of a control violation until investigation is completed and remediation steps/control changes are developed

Key Terms

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Cycle time is the total time from the beginning of the process to the end. This includes both time spent actually performing the process and time spent waiting to move forward.

The metric value which represents the 50th percentile of a peer group. This could also be communicated as the metric value where half of the peer group sample shows lower performance than the expressed metric value or half of the peer group sample shows higher performance than the expressed metric value.

Measure Scope

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Cross Industry (7.3.1)

  • 9.8.2.1 - Design and implement control activities (10917)
  • 9.8.2.2 - Monitor control effectiveness (10918)
  • 9.8.2.3 - Remediate control deficiencies (10919)
  • 9.8.2.4 - Create compliance function (10920)
  • 9.8.2.5 - Operate compliance function (10921)
  • 9.8.2.6 - Implement and maintain controls-related enabling technologies and tools (10922)