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. 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.
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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
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.