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Internal Audit Quality Assurance

Internal Audit Quality Assurance

Learn how KPMG can assist with your mandatory Internal Audit Quality Assurance Reviews.

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Demands on internal audit departments have never been greater or more complex. Corporate governance, risk management and internal controls are all under increased scrutiny by regulators and stakeholders alike. Along with ensuring internal auditor proficiency aligns with the technical drivers behind value-creating business objectives, internal auditors are often relied upon to develop a consolidated view of risk within the organisation. This includes aligning people, process, controls and systems with business strategy and helping to mitigate emerging risks against an ever-evolving business model.

The Institute of Internal Auditor's International Standards (IIA Standards) have prescribed mandatory requirements for the professional practice of internal auditing and for evaluating the effectiveness of an internal audit department’s performance. An external QAR is required to be performed every five years.

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