“Who audits the auditors?” Anyone who has been an internal auditor for some time has heard this question...but it is a fair question. Internal audit should apply the same scrutiny to itself as it does its business clients. But how is this best accomplished, especially for smaller teams with fewer resources? The IIA’s International Standards for the Professional Practice of Internal Auditing provide a road map for achieving this through its requirement for a Quality Assurance and Improvement Program – a self-assessment process. Participants will also learn about The IIA’s requirements concerning External Quality Assessments at least every five years and how one organization used the EQA findings to refine their self-assessment program.
In this session, participants will learn how to:
- Design a QAIP to achieve IIA Standards compliance.
- Take advantage of limited resources.
- Create methods to document and report QAIP assessment results.
- Identify opportunities gleaned from an EQA.
Bradley Carroll, CIA, QIAL, CFSA, CRMA, CPA, CFF
Principal, Frazier & Deeter
Bradley Carroll is the leader of the firm’s financial institution advisory services. He began his career with Central Bank in Monroe, La., then relocated to Atlanta, working in internal audit positions with Carter’s Childrenswear and Wachovia Bank before practicing public accounting for 14 years. Prior to joining Frazier & Deeter, he served as the first chief audit executive for State Bank and Trust Company, where he established a risk-based audit methodology and implemented a data analytics program to drive audit effectiveness and efficiency. Carroll has been a featured speaker at local and national conferences and events on topics ranging from fraud prevention and enterprise risk management to adhering to IIA professional standards. Carroll serves on The IIA’s Financial Services Advisory Board, where he has advocated on Capitol Hill on behalf of IIA initiatives.