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DISCUSSIONS > QUALITY ASSURANCE & IMPROVEMENT PROGRAM [ REFRESH ]
Thread Title: Costs Associated with QAR - Full or Self Assess w/ Independent Validation
Created On Friday August 03, 2012 3:45 PM
  Costs Associated with QAR - Full or Self Assess w/ Independent Validation
  Costs Associated with QAR - Full or Self Assess w/ Independent Validation
  Costs Associated with QAR - Full or Self Assess w/ Independent Validation


bds


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Friday August 03, 2012 3:45 PM

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I am looking for some numbers in terms of the costs for having a quality assurance review performed for my IA function. If anyone has any experience or can point me toward some resources where this might be available I would be appreciative. I want to explore the costs surrounding the :

1) Full Assessment by Independent Party

2) Self Assesment with Independent validation.


I am just looking for approximate ranges at this point for each alternative. My IA team is 4 staff and one management.


Thanks to all who can assist!!

BDS



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BDSCPA

Edited: Friday August 03, 2012 at 4:02 PM by bds

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GAWestMass


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Sunday August 05, 2012 11:07 PM

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Quality @ theiia .org is the obvious answer. They will provide a quote for their services (both full and SAIV). Over my 30 years in audit, I've seen full QAR reviews in the $40,000 range - for a two week visit by a 3 or 4 member team, with IT Audit coverage and best-practice comments. I've seen a SAIV for $7,500 - for a two day visit by 1 CIA with QAR experience, but without IT or best-practices. And then, there is the 3-way exchange of reviews that's the least costly option (none). Invest $75 or so in the QAR Manual - there's more information about the scope of a review and how to hold down costs. Generally, I'd suggest that you set a budget and then go shopping in your area (no travel expense) to see if a local chapter member has any experince or if CPA firms (especially regional) have a QAR practice.

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Gary
Opinions are mine. Noone else is responsible.

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bds


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Friday August 10, 2012 9:36 AM

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Appreciate the suggestions -- and yes, have reviewed the gyuidance etc from IIA... was really just more curious about the various options and expected range in costs based on practitioner experiences. Thanks a bunch... BDS

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BDSCPA

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DISCUSSIONS > QUALITY ASSURANCE & IMPROVEMENT PROGRAM [ REFRESH ]
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