Very seldom management tries to link the audit rating with the financial rewards (i.e. bonus payout). This would put a great deal of pressure on the auditors as well as the auditee. I would like to hear your feedback on this approach. Does it really add value.

There was a thread a couple of months ago on this. Search for "Audit Ratings" or "Audit Scoring". Sorry, that I can't point you right to it. I thought I had it saved, but I didn't.