Auditing Skills: Internal Audit: Quality Assurance

Course Overview

International internal auditing standards

and UK government internal auditing standards,require that both internal as well as independent external assessments of internal audit quality should be undertaken periodically. They also require that effective continuous, on-going quality assurance mechanisms should be in place and applied. Internal auditors and those to whom they report are finding these approaches to internal audit quality assurance contribute markedly to improving audit performance. Yet there is some confusion on the best ways to approach these challenges.

Audience

Heads of internal audit and those within internal audit functions with leadership and quality assurance responsibilities. Chairs and members of audit committees, finance directors and company secretaries. Quality assurance specialists who may need to apply their skills to assessing internal audit quality

Course Outline

• The requirements as set out in the standards
• Ongoing mechanisms for assuring and assessing internal audit quality
• Internal quality assurance reviews of internal auditing
• External quality assurance reviews of internal auditing
• Metrics and benchmarking to measure internal audit quality
• Conducting quality assessments of internal audit function
• Reporting on assurance reviews
• Turning findings into improvements

Auditing Skills: Internal Audit: Quality Assurance / CM9665