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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.
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.
Read how KPMG can help.
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The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavour to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
