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 dirk@governanceacademy.co.za; unathi@governanceacademy.co.za or kamogelo@governanceacademy.co.za

QUALITY RESOURCES

Purchase a QA manual

The QA Manual may be purchased from the IIA SA Book Cloud.

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.