Course Background

As part of an internal audit quality program internal and external assessments need to be conducted. IIA Attribute Standard 1312 mandates independent external assessments by qualified assessors at least once every 5 years. Accordingly, different FINMA Circulars also recommend that conformance to the standards as well as the effectiveness of the internal audit activities is reviewed by an independent assessor every 5 years.
This IIA course “Internal Audit Quality Assessment: Performing an Internal or External Review” focuses on the assessment process used in periodic internal (Standard 1311) and external quality assessments (Standard 1312).

Objective

This 3 days training session will allow you to:

• Apply the International Professional Practices Framework and International Standards for the Professional Practice of Internal Auditing on a quality assessment review case study;
• Develop a solid understanding of the process used to complete a periodic internal or external quality assessment of an internal audit activity;
• Discover and utilize proven quality assessment tools and techniques;
• Explore the recommended external quality assessment approaches and help participants identify the best approach for their organization.
• Target Audience
• Auditors who are involved in their internal audit acitivity’s quality program or periodic internal assessment.
• Auditors, service providers and other parties who are interested in learning more about the external quality assessments.
• Chief Audit Executives, Audit Directors/Managers, organization executives, and Board/Audit Committee members who are interested in learning how to evaluate and improve their internal audit activity. It is also a good preparation for a future quality assessment by an external reviewer or review team.