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Governance, Risk and Oversight

Quality Assurance Reviews

Quality Assurance Reviews help organisations enhance the effectiveness, quality and value received from Internal Audit. The assessments help organisations with aligning key stakeholder expectations.

Quality Assurance Reviews

Quality Assurance Reviews assess the effectivness of Internal Audit's activity in providing assurance and consulting services to the board, senior executives and other interested parties. It also conforms to the Standards and provides an opinion as to whether the Internal Audit activity generally conforms to all of the standards.

Apart from the fact that the Internal Audit standards requires the performance of these reviews, organisations face the challenge of determinig the credibility and effectivness of the Internal Audit Function. Organisations often struggle to establish an Internal Audit Function and often want to establish a road map to enhance the Internal Audit Function. 

Quality Assurance Reviews help organisations enhance the effectiveness, quality and value received from Internal Audit. The assessments help organisations with aligning key stakeholder expectations. They also assist in assessing whether the Internal Audit Function is able to meet these expectations and secure the required resources. Futhermore, Quality Assurance Reviews serve to confirm whether the Internal Audit Function is  meeting the needs of the organisation. 

Quality Assurance Reviews are instrumental in identifying opportunities, offering recommendations for improvement, and provide counsel to the Chief Audit Executive (CAE) and staff for improving their performance and services ultimately promoting the image and credibility of the Internal Audit Function.

 

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