Audit Readiness Scoring

Audit readiness is measurable. The readiness score aggregates three components: evidence coverage (what percentage of obligations have current evidence), retrieval speed (average time to produce evidence on request), and finding resolution rate (what percentage of internal audit findings are remediated). Together, these components tell you whether you are ready for an external audit or need more preparation.

1. Evidence Coverage Score Obligations with current, retrievable evidence divided by total obligations. Target: 95% or above. Every obligation below 100% is a potential audit finding. Track monthly. [RISK]: Coverage below 90% indicates systemic evidence gaps that will produce multiple findings in an external audit.
2. Retrieval Speed Score Average time from evidence request to evidence delivery. Target: under 4 hours for standard requests, under 24 hours for complex requests. Speed above target indicates repository or organizational bottlenecks. Track quarterly through mock retrieval exercises.
3. Finding Resolution Rate Internal audit findings remediated within the defined timeline divided by total findings. Target: 100% within 90 days. Unresolved findings that persist beyond 90 days indicate systemic barriers to remediation that must be addressed before they compound.