An internal audit can provide much insight and potential
opportunities for your business, in addition to fulfilling a
business requirement. Audits provides credibility to your business.
In the same way, it is also critical for your internal audit
activity to have credibility with stakeholders.
What is a Quality Assurance and Improvement Program?
There are a set of standards that internal auditors must conform
to which are titled the International Standards for the
Professional Practice of Internal Auditing. The primary tool for
evaluating internal audit activity and whether or not it conforms
with the standards is through a Quality Assurance and Improvement
Program.
A Quality Assurance and Improvement Program is an ongoing
program intended to increase the quality and value of internal
audit services. It assesses the efficiency and effectiveness of the
internal audit activity. The program will evaluate conformance with
relevant policies, procedures, standards,
