external quality assurance reviews

adding value through quality

Adding Value Through Quality

A Quality Assurance and Improvement Program (“QAIP”) enables an evaluation of the internal audit activity’s conformance with the Definition of Internal Auditing and the International Standards for the Professional Practice of Internal Auditing (“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.  In order to be in compliance with the Standards, internal audit departments must perform periodic self assessments of their QAIP as well as undergo an external assessment at least once every five years.

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