Quality Assurance and Improvement Program

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  • #220200

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    This forum is restricted to members of the associated course(s).

    Shoaib Ahmed
    Participant

    According to Attributable Standard.

    “The Chief Audit Executive (CAE, the head of the IAA) must develop and maintain a quality assurance and improvement program that
    covers all aspects of the internal audit activity and continuously monitors its effectiveness. This program includes periodic internal and external quality assessments and ongoing internal monitoring. Each part of the program must be designed to help the internal auditing activity add value and improve the organization’s operations. Furthermore, the program must provide assurance that the internal audit activity conforms to the Definition of Internal Auditing, the Standards, and the Code of Ethics.”

    My question is how program can provide the assurance with internal audit activity conforms to the Definition of Internal Auditing, the Standards, and the Code of Ethics?

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    Brian Hock
    HOCK international

    Shoaib,

    It is the QAIP that needs to show all of these things. So, as part of the different elements of the QAIP there will be tests to make certain that ethical issues are solved according to the Code of Ethics, that the standards are used in planning and performing the engagements, that staff are aware of all of the requirements that they need to follow.

    The QAIP is an ongoing assessment that the IAA is doing what it is that they are supposed to be doing in the way that they are supposed to do it.

    I know that is a fairly general answer, but the QAIP is a broad scoped process that covers all that the IAA is doing and making certain is it being done correctly.

    Does this help?

    Brian

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