Internal Audit Quality Assurance

Course overview

Course outline

1. 1Day 1: Internal Audit, Quality & Performance

   • Concept of internal audit
   • Types of internal audit function
   • Principles of conduct of the Code of Ethics
   • International Standards for the Professional Practice of Internal Auditing
   • Meaning of quality and performance
   • Measuring performance
2. 2Day 2: Quality Assurance & Improvement Program

   • Framework for quality assurance
   • Requirements of the Quality Assurance and Improvement Program
   • Evaluation of conformance with policies, procedures, and standards
   • Application of the Code of Ethics
   • Assessing efficiency and effectiveness of internal audit activity
   • Identifying opportunities for improvement
3. 3Day 3: Internal Assessments

   • Ongoing monitoring of performance of internal audit activity and staff
   • Periodic self-assessment and review
   • Assessing internal audit activity charter
   • Evaluating legislative and regulatory requirements
   • Establishing benchmarks for internal audit activities
   • Establishing metrics to indicate improvement in the organization
4. 4Day 4: External Assessments

   • Importance of external assessment
   • Forms of external assessment
   • Frequency of external assessment
   • Internal audit and audit committee function
   • Assessment of conflict of interest
   • Following up results and recommendations of external assessments
5. 5Day 5: Using the Quality Assessment Manual to Conduct Self-Assessment

   • Effectiveness of using resources
   • Best successful practices
   • Organization’s risk management
   • Reporting on the Quality Assurance and Improvement Program
   • Disclosure of non-conformance
   • Compliance with regulatory requirements
   • Case studies in each day activity