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Internal audit activities need to ensure that the work they perform is in conformance (see standard 1321) at a minimum, with the mandatory guidance portion of the International Professional Practices Framework. The activity could excel in this level of conformance by applying leading practice mentioned in the Recommended Guidance (only available to members of the IIA in South Africa).


There are specific reporting requirements for Quality Assurance (See Standard 1320) which include reporting at least annually to senior management and the Board/governing body. In order to achieve this the internal audit activity must have a Quality Assurance and Improvement Program (QAIP) (see standard 1310) which includes internal and external assessments. External assessments should be conducted at least within a period of 5 years from the previous external assessment.


The focus of the quality assessment should be the desire to continually improve the quality of the performance of the internal audit activity. It is not a pass or fail examination but rather one of a road to excellence.


The following QAS are offered by the Academy:
Readiness review
Setting up a QAIP
Internal assessment support
External independent validation of a self-assessment
Full external assessment
Follow-up review
Maturity Assessment (added on to an external assessment)

Please complete a quotation request form to receive a quote for one of the Quality Assurance Services or contact qar@iiasa.org.za or call Lerato at the Academy on 011 609 1761.


QUALITY RESOURCES


Quality Assessment (QA) Manual for Internal Audit (2017)


Sections of the QA Manual are available in the public domain. Please access the relevant sections of the manual below to enhance your understanding of the QA process.


The Framework for Quality Assurance (Chapter 1)


This chapter focuses on the elements making up the IPPF and how to tailor application of the standards to each organisation without compromising conformance with the standards. Particular reference is made to the Standard 1300 series of standards.


Establishing a Quality Assurance and Improvement Program (Chapter 2)


This chapter discusses the creation and maintenance of a quality program (QAIP). The QAIP is key to the efficient and effective functioning of an Internal Audit Activity.


Internal Assessments (Chapter 3)


This chapter primarily focuses on Standard 1311 which requires Internal Audit Activity's to complete an internal assessment annually. Ongoing monitoring forms part of such assessments. The status of internal audit's conformance to the standards should be reported yearly to senior management and the relevant governing body.


Self-Assessment with independent validation (Chapter 5)


Using the Quality Assurance Manual's programs the Internal Audit Activity may conduct a self-assessment and thereafter request an external validation of the assessment. The Chief Audit Executive (CAE) needs to ensure that all the work pertaining to a full review has been completed and reported upon before requesting a validation. The external assessor will assess and comment on the conformance conclusions reported by the internal assessment team.


Full external Assessment (Chapter 4)


An external review team under the leadership of an external assessor will assess the conformance of the Internal Audit Activity to the mandatory portion of the IPPF and comment on issues related to improved practice.


Purchase a QA manual


The QA Manual may be purchased from the IIA SA bookstore.


Model Internal Audit Activity Charter


This is only available to members of the IIA and requires separate login. It is a generic charter and should be adapted to reflect the requirements of the organisation in which it is applied.


Practice Guide: Quality Assurance and Improvement Program


The IIA produced this guide, which must include internal and external assessments, to support CAE's in developing such a program. This guide is only available to members of the IIA and requires separate login.

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