Internal Audit Quality Assurance Review
Capture the benefits of a quality assessment.
Audit committees and chief audit executives (CAEs) may want to assess how well internal audit is performing. Periodically, a CAE may also want to monitor internal audit’s value to the organization.
The Institute of Internal Auditors established the benchmark for internal audit performance through a series of standards. To conform to the International Standards for the Professional practice of Internal Auditing and to confirm your internal audit function does conform, you must establish a Quality Assurance and Improvement Program and, at least every five years, obtain an external quality assessment by an independent reviewer or an internal review team.
Benefits of a quality assurance review
There are many important benefits of a quality assurance review, including:
We work with companies like yours
We can perform the review ourselves or validate your own internal audit function’s self-assessment. Our internal audit professionals have experience working with organizations of all types and sizes – in most every industry – in the United States and worldwide through our association with RSM International.
We’ll help you capture the benefits of an assurance review so you can take your internal audit department’s performance to the next level. Give McGladrey a call.
- Banking/Financial Institutions
- Consumer Products
- Financial Services
- Food and Beverage
- Government Contracting
- Government Entities
- Health Care
- Life Sciences
- Manufacturing and Distribution
- Private Clubs
- Private Equity
- Real Estate
- Specialized Industries