Internal Audit Quality: Developing a Quality Assurance and Improvement Program

An international perspective on delivering outstanding value by embedding quality into internal audit practices

Internal Audit Quality is an essential resource because organizations increasingly see the value that high-quality internal audit can offer. Organizations across sectors are beginning to recognize how crucial it is to have an excellent internal audit function. Demonstrating that professional standards are met and improving the value that internal audit delivers is now more important than ever.

Internal Audit Quality comprehensively addresses the Institute of Internal Auditors' (IIA) International Standards for the Professional Practice of Internal Auditing. With all eyes on internal audit, you need to understand stakeholder expectations and communicate success measures that demonstrate quality.

The goal of Internal Audit Quality is to assist chief audit executives and internal auditors with embedding quality into all elements of internal audit, from strategic and operational planning down to day-to-day tasks. It provides a framework for developing a Quality Assurance and Improvement Program (QAIP) that simplifies and strengthens the internal assessment process. You will learn how to design internal audit processes to best meet the needs of your organization and to embed performance assessment into daily activities. By creating a system of ongoing quality assurance, you will be able to apply maturity models, balanced scorecards, and other techniques to meet your organization's need for a high-quality internal audit function.

Written by a global expert in audit quality, Internal Audit Quality contains resources for progressively enhancing the quality of internal audit:

• Techniques for understanding stakeholder expectations of quality and value
• Better practices and advice from global internal audit leaders
• Key performance indicators for measuring internal audit's success
• Processes for conforming with professional standards
• QAIP hints for embedding quality
• Quality questions for internal and external quality assessments

Ensure that your internal audit processes are developed in line with the latest professional standards and best practices and that your function exceeds your organization's expectations for quality, performance, and value.