May 21, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.

Compliance and Audit refer to conducting business activities according to established guidelines, specifications or legislation. Depending on the type of the organization – public or private, auditors check its output against certain characteristics. The two terms, although different, are closely connected: compliance audits check on the implementation of written manuals, procedures and work instructions, while the management audit focuses on results, evaluating the effectiveness and suitability of controls, by challenging underlying rules, procedures and methods. (more…)