What standards do you follow? Most internal audit departments follow The Institute of Internal Auditors’ International Standards For The Professional Practice Of Internal Auditing (www.theiia.org/standards). This is the common international framework for the professional practice of internal auditing.
If you follow the Standards then you are probably aware of Standard 1312… THE QAR.
IIA Standard 1312 – External Assessments*External assessments must be conducted at least once every five years by a qualified, independent reviewer or review team from outside the organization. The chief audit executive must discuss with the board:
Source: The IIA International Standards For The Professional Practice Of Internal Auditing
Adopted on January 1, 2002, the requirement for Internal Audit Departments is that an external QAR must be conducted once every 5 years. The compliance date for the initial QAR was January 1, 2007. This means the second wave of QAR compliance is upon us. Will you be in compliance?
There are many options for your external QAR, but we hope you consider Vonya Global. Our team of Accredited Quality Assessors will streamline your compliance process using the IIA Standards and Professional Best Practices. We understand the nature of the QAR and its relative importance for you. With the team from Vonya Global, you will get the value you need. Contact Vonya Global Today!