Internal Audit Quality

Preface

This book will assist chief audit executives and internal auditors to develop a quality assurance and improvement program and embed processes that enhance the quality of their internal audit function. The book looks at what constitutes quality, and how a greater understanding of quality drivers can lead to more valuable internal audit practices.

Most internal auditors understand quality and performance. Good internal audit practice benchmarks organizational areas and activities against commonly accepted criteria. This book provides similar criteria for internal audit functions to benchmark themselves against.

Chapter Elements

Each chapter includes a number of elements:

• Figures illustrate specific models or practices and support the narrative associated with these examples.
• Extracts from the Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing are included where relevant to a specific element of internal auditing.
• CAE Quotes provide practical advice, tips, and warnings from senior and experienced internal audit professionals from 11 different countries.
• Examples of better practices allow internal auditors to benchmark themselves against other internal audit functions.
• Common Quality Issues allow internal auditors to learn from the errors of others and to ensure they are not repeating these same mistakes.
• QAIP Hints provide examples of key process areas that could be used in a maturity model, and key performance indicators ...