The benefit of an organisation undergoing a external QA is that it allows the internal auditors to state that their activities “conforms with the International Standards for the Professional practice of Internal Auditing.” It also builds stakeholder confidence by documenting management’s commitment to quality and successful leading practices, and the internal auditors’ mindset for professionalism. Obtaining an external QA provides evidence to the board, management, and staff that the audit committee and the internal audit activity are concerned about the organisation’s internal controls, ethics, governance, and risk management processes.
Regardless of an organisation’s industry or the internal audit activity’s complexity or size, there are two approved approaches to external QAs:
Our quality assessment services are customised according to the needs and requirements of our client. Due to this our proposal and pricing are unique to each client.