Académique Documents
Professionnel Documents
Culture Documents
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www.theiia.org/Quality
Quality Improvement & Assurance Program External quality assessments and why your
audit group should have one
What to expect from an external QA How to get the most value from a QA
How an Audit professional should prepare for a QA
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A Show of Hands
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A Show of Hands
How many work for an organization that has had an external QA?
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A Show of Hands
How many work for an organization that has not had an external QA?
Is anyone planning to have one?
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A Show of Hands
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http://www.theiia.org/guidance/standards-and-practices/professional-practices-framework/
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QA
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Training
Work Paper Review (ongoing) QA Review Action Plan
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Board/Audit Committee
OBJECTIVES
List here.
MEASURES
List here.
Management/Audit Customers
OBJECTIVES
List here.
MEASURES
List here.
CORPORATE STRATEGY
MEASURES
List here.
Experience
Education Training Certification Reporting Relationships
Importance Levels
Improvements
Innovation/Capabilities
OBJECTIVES
List here.
MEASURES
List here
Internal Audit
At this level Internal Audit is not considered a valued resource to the Organization
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Internal Audit
As the Quality of Internal Audit increases the acceptance at the Executive Level gets Internal Audit closer
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Once Quality is achieved Internal Audit is embraced by the Executive Level as a valuable resource within the Organization
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Audit committee & internal audit charters Professional certification and education Process improvement & best practices
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Interview & survey stakeholders Assess compliance with the IIA Code of Ethics
and the Standards
Assess charters, policies & procedures Review staff experience & qualifications Inspect workpapers
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Making a difference
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Professional credibility Organizational credibility Legal liability Compliance with Standards Continuous improvement Audit Committee oversight
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28% of IA functions are less than 5 years old Internal audit is not regulated Unaware of the requirement Unfazed by the penalty Costs in money and time
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1 to 2 3 to 6 7 to 15 16 to 20 21 to 30 31 to 50 51 to 70 71 to 100
2 3 4 3 6 5 6 3
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RFP 8/1 8/15 Prepare background info 9/1- 9/15 Stakeholder surveys 9/15 9/30 GAIN data input on IIA website 9/15 Preliminary meeting 10/15 On-site fieldwork 10/30 11/3 Issue draft report 11/15 Receive reply to draft report 11/22 Issue final report 11/29
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It costs less!
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Diminished:
Independence Outside perspective Expertise Board leverage
Consider SAIV for your 1st QA and follow-up with an external QA in 2-3 years
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www.theiia.org/Quality
www.theiia.org/Quality
Time for.
Questions???
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www.theiia.org/Quality