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A hallmark of a quality internal audit function is the ability to
keep pace in a dynamic environment. Consistently monitoring the quality of
the internal audit function provides audit leaders, the board, and other key
stakeholders with the assurance that internal audit is performing at its
highest level – providing value throughout an evolving organization. An
independent assessment of the value of the internal audit function is
delivered through an external quality assessment. All CAEs are required to
develop a QAIP that includes both internal and external assessments. Internal
assessments will include both ongoing monitoring and periodic
self-assessment. External assessments may be either a full external
assessment or a self-assessment with independent validation.
This hands-on course explores the updated Quality Assessment Manual
(QA Manual) and guides you through planning, performing, and evaluating both
external and internal quality assessments. Through interactive case studies
and practical application of proven tools—including surveys, interview
guides, and assessment programs—you'll learn how to assess conformance with
the Standards, identify opportunities for improvement, and determine the best
quality assessment option for your internal audit activity. Whether you're
preparing for an external assessment or strengthening your QAIP, this course
gives you the knowledge and resources to drive continuous improvement.
Course
Outline:
Quality Assessment Manual and Process
Overview
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Overview of the Global Internal Audit Standards,
including standards referencing quality.
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Examine the IIA’s Framework for Quality Assessment to
identify how the process can be used on external and internal quality
assessments.
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Answer common quality assessment questions using The
IIA’s International Professional Practices Framework (IPPF) resources.
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Describe the Quality Assessment Manual process flow and
its tools.
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Contrast the three types of internal audit quality
assessment.
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Quality Conclusion Model
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Maturity Assessment and focus on the Performance of the
Internal Audit Function.
Types of Quality Assessments
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Internal Quality Assessments
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Advantages
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Limitations
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External Quality Assessments
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Frequency
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Full Assessment
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Validation
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Selecting External / Internal Assessors
Planning the Quality Assessment
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Plan an external quality assessment by implementing the
QA Manual tools.
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Describe key features of planning guides.
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Apply the planning tools to a quality assessment
(Internal and External).
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Describe key features of surveys.
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Analyze survey results.
Practical Case
Study
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Performing the Quality Assessment
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Perform an internal / external quality assessment by
implementing the QA Manual tools.
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Describe the key features of interview guides.
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Analyze interview results.
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Describe key features of QA programs.
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Analyze QA program results. Evaluating QA Results
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Evaluate an internal / external quality assessment by
implementing the QA Manual tools.
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Apply evaluation criteria on common QA scenarios that
require a high-level of professional judgment.
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Determine final ratings (evaluation results).
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Describe key features of the QA evaluation framework
and tools.
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Develop value-added solutions for common QA issues and
opportunities.
Practical Case
Study
Periodic Internal Quality Assessment
Approaches
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Develop, or validate, an efficient and effective
periodic internal assessment approach for your internal audit activity.
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Discuss implications of periodic internal QA based on
IPPF guidance.
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Discuss common periodic assessment challenges and
possible solutions.
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Identify the factors needed for an efficient and
effective periodic internal QA program.
Practical Case
Study
External Quality Assessment Options
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Determine, or validate, the external quality assurance
option that will work best for your internal audit activity.
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Determine the pros and cons and other considerations of
the external QA options.
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Describe rationale for selecting the best external QA
option.
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Identify opportunities for applying the option
selection concepts to your internal audit activity.
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Discuss successful practices used by internal audit
activities to get ready for an external assessment.
Who should attend?
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Level 2
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Internal auditors who are already
practicing internal audit and have a basic understanding of the subject
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Level 3
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Supervisory/competent/senior
internal auditors: those who already have a sound, practical grasp of the
fundamentals of internal auditing and manage staff
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Level 4
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For advanced
internal auditors: Auditors with excellent understanding of topics being
presented, who are interested in exchanging knowledge with instructors and
other participants
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