Internal Audit Quality Assurance

The International Standards for the Professional Practice of Internal Auditing (the Standards) require every internal audit department or activity to have either an external quality assessment review (QAR) or a Self-Assessment review with an external validation by an independent reviewer at least once every five years. This course will explain how to conduct a self-assessment as outlined by the IIA Standards.

This seminar will cover what is mandatory and recommended in the International Professional Practices Framework (IPPF) and provide attendees with what they need to know to prepare for and undergo an external quality assessment review.

Attendees will understand how a QAR can benefit the internal audit activity, learn about the various review methodologies available, and discuss the important decisions that arise when preparing an internal audit department for a review.

Why you should take this course.

For users with an introductory knowledge of this topic, and are searching for additional information and its application.

Here are the learning objectives we'll cover.

• Describe the professional standards.
• Interpret the requirements of the professional standards.
• Apply the standards in a way that demonstrates compliance.
• Explain best practices relating to the professional standards.
• Describe the phases of the review process and how quality assurance can be implemented throughout to ensure compliance with the standards.

Here are the topics we'll cover.

1. Internal Audit Overview

   • The Background of the Profession
   • Key Definitions and Concepts
   • Peer Reviews
   • International Professional Practices Framework (IPPF)
   • Types of Services

2. The Standards

   • An Overview
   • Attribute Standards
   • Applying the Standards: Attributes
   • Performance Standards
   • Applying the Standards: Performance

3. Methodology Resources

   • Quality Assurance (QA) Review Publications
   • IIA QA Methodology Process Map
   • Best Practices for Staying Current

4. The Review Process

   • External QA Methodology
   • External Review Team Preparation
   • External Review Team Fieldwork
   • The Evaluation Process
   • Reporting
   • Self-Assessment Reviews
   • The Survival Checklist
   • Best Practices for Value-Added Auditing