quality-blocks1.png

Quality Assessment

 

Get an early start on the road to your Quality Assessment and Improvement Plan (QAIP) — IIA‒Canada partnering with IIA Quality Services, LLC provides the resources and direction to assist you in mapping the way.

IIA‒Canada Quality Services is your route to resources in establishing a strong and effective QAIP as well as an avenue for accomplishing an independent external quality assessment (EQA) at least once every five years as required by the International Standards for the Professional Practice of Internal Auditing (Standards).

 
A QAIP enables an evaluation of the internal audit activity's conformance with the Definition of Internal Auditing and the Standards, and an evaluation of whether internal auditors apply the Code of Ethics. The program also assesses the efficiency and effectiveness of the internal audit activity and identifies opportunities for improvement.

 
All internal audit activities, regardless of industry, sector, or size of audit staff — even those outsourced or co-sourced — must maintain a QAIP that contains both internal and external assessments. External assessments enhance value, as they enable the internal audit activity to evaluate conformance with the Standards; internal audit and audit committee charters; the organization’s risk and control assessment; the effective use of resources; and the use of successful practices.
Internal assessments are ongoing, internal evaluations of the internal audit activity, coupled with periodic self-assessments and/or reviews.

If you have not yet established a QAIP, a good first step on the path to quality is to conduct an internal quality assessment. This will establish a benchmark of the internal audit activity that can be used to establish metrics. Over time, these metrics will indicate improvement in areas of partial conformance or nonconformance with the Standards and successful practices.
 

Learn More

If you have questions about your Quality Assessment and Improvement Program or would like for The IIA to conduct an external assessment, please contact IIA Quality Services at quality@theiia.org or call +1-407-937-1399.