Quality Assessment Manual, Updated 6th Edition

  • Item No. : 1055
  • ISBN : 978-0-89413-635-1
  • Publisher : The IIA Research Foundation
  • Publish Date : July 2011
  • Authors : The Institute of Internal Auditors
  • Media : Hardcover with CD/DVD
  • Page count : 310
  • Dimensions : 9 x 12
  • Member Price : $200.00
  • Non-Member Price : $245.00

***This edition is no longer available***

 

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IPPF aligned This Quality Assessment Manual, Updated 6th Edition, represents an update and expansion of the Quality Assessment Manual, 6th Edition, published by The Institute of Internal Auditors Research Foundation in 2009. This manual has been updated to respond to issuance of The IIA’s International Standards for the Professional Practice of Internal Auditing (Standards), the related changes in the internal audit profession, and the increasingly demanding business environments in which the profession operates.

 

 

 

 

 

This manual is also available on CD-ROM.

The Quality Assessment Manual 5th edition in Spanish is also available on CD-ROM.

In accordance with The IIA’s Standards, effective Jan. 1, 2009, “The chief audit executive must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity” (Standard 1300). As indicated in the Preface, earlier editions of this manual were designed to provide guidance and tools for the chief audit executive (CAE) in establishing and maintaining a quality program, as well as for reviewers, internal and external, in testing and assessing that program. The current edition updates and expands that guidance and enhances the models and assessment tools.

The current edition is divided into chapters based on the principal elements of the quality program required by the Standards, with a continued strong emphasis on external assessments, as summarized below:
  • Chapter 1 gives the rationale for a new edition of the manual, based primarily on the updated Standards and the ongoing evolution of internal auditing. That evolution of internal auditing includes its increasing focus on business risk, closer alignment of its activities with management strategies and accountabilities, and its strong emphasis on assisting management through advisory and consulting services, while continuing to provide traditional assurance services.
  • Chapter 2 outlines the external quality assessment, which should be the capstone of any activity’s quality program. As specified in Standard 1312, such external assessments “...must be conducted at least once every five years by a qualified, independent reviewer or review team from outside the organization.” 
  • Chapter 3 is designed to expand the external quality assessment process to a wider range of internal audit (IA) activities and provide another approach to comply with Standard 1312. This approach would require a rigorous and documented quality assessment, similar to that outlined in Chapter 2, performed under the direction of the CAE. This self-assessment would then be validated by an independent evaluator with qualifications similar to those of an external quality assessment team. 
  • Chapter 4 sets forth the elements of an IA activity’s internal quality assessment process, such as evaluation of conformity to the Standards; compliance with the charter, mission statement, objectives, and policy manual; supervision; staff development, and other steps to assess the activity’s effectiveness and promote continuous improvement.
  • Chapter 5 is an overview of the program segments for quality assessment and other tools, with brief guidance for their use in external and internal assessments, as well as in self-assessments (Chapter 3). Chapter 5 also serves as an overall index and control document for applying the program segments and tools.

Supplementing the five chapters of the manual are five References and four Appendices that contain practical guidance, model documents, and the various assessment tools described and referenced in the five chapters.