A combined AHP-GP model to allocate internal auditing time to projects

HA Kruger, JM Hattingh

Abstract


The optimal allocation of internal auditing time among competing projects is a multi-criteria problem that includes both qualitative and quantitative factors. This paper discusses an integrated approach where the analytic hierarchy process (AHP) is used to deal with qualitative risk assessments and a goal programming (GP) model to distribute available hours in such a way that risk is minimised. Additional considerations, such as maximum and minimum allowable project hours, risk reducing factors and risk levels, are also taken into account. Following a description of the models and framework, a brief case study is presented in which the framework was empirically evaluated.

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DOI: https://doi.org/10.5784/22-1-33

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ISSN 2224-0004 (online); ISSN 0259-191X (print)

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