IIA Standard 1312: Independent Quality Assessment Review of Internal Audit (QAR)

The Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing (“Standards”) Section 1312 requires that an external assessment of the internal audit department be conducted at least once every five years by a qualified, independent assessor from outside the organization. This external assessment evaluates the internal audit department’s conformance with the […]

Internal Audit Maturity Model: A Better Way To Evaluate Internal Audit Departments?

Written by Steven Randall, Partner, Vonya Global Compliance with the Institute of Internal Auditors International Standards for the Professional Practice of Internal Auditing is a requirement for Internal Audit Departments around the world. As most already know, compliance is validated through an External Quality Assessment completed by an independent third party (such as Vonya Global). […]