Quality
The new equation for Quality: Q = R3
(Quality = Relevance, Reliance & ROI)
There is a new equation for improving your Internal Audit activity: Q = R3 (Quality = Relevance, Reliance & ROI).
Relevance
External Quality Assessment reviews help Internal Audit activities understand the unique issues and opportunities facing them within their organization. Company executives deal with internal auditing on a regular basis for legal and compliance issues, but sometime fail to understand its role in the whole organization.
Reliance
External Quality Assessment reviews provide an endorsement of the quality of the IAA. A level of comfort is provided about the audit approach and that the Internal Audit activity is well managed to the audit committee and executive management. Finally, the organization’s management gains a better understanding of IAA audit process.
Where improvements can be made, the external Quality Assessment review aims to present practical, comprehensive solutions that can help the IAA increase its value to the organization, enhance its efficiency and effectiveness in meeting the needs of its key customers, and improve its planning for the future.
Return on Investment
External Quality Assessment reviews can act as a catalyst to reinforce and strengthen the IAA position within the organization. It will measure the IAA to the current successful practices of the profession and raise the profile of the IAA throughout the entire organization. Focusing on key audit risks, ways to do more with current resources, and improving communication with stakeholders; an External Quality Assessment review can provide a tremendous return on investment.
The IIA offers External Quality Assessment (QA) review services to organizations of all sizes and will organize a team of qualified audit professionals to conduct your external Quality Assessment review. The IIA uses the most up-to-date global methodology established for conducting these reviews, including the Quality Assessment Manual, 6th Edition, which is now aligned to the IPPF.
Learn More
Request a FREE, no-obligation, proposal today and see how an external Quality Assessment review from The IIA can help you! Submit an Inquiry Form, email quality@theiia.org or call +1-407-937-1399 today! Proposal turnaround time for IIA services is approximately two weeks after we receive all necessary information.
| Quality Assessments | Advocacy | |
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| Standards & Guidance | Leadership/Capacity Building | |