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Although internal audit units carry out their duties to develop and add value to their organization’s operations, they must monitor the effectiveness of their own activities. Establishing and implementing “Quality Assurance and Improvement Program” along with internal audit activities to ensure effectiveness and compliance with standards. Within the scope of this program the internal audit unit, which must meet the current standards of internal audit, must be self-assessed by the appropriate internal auditors and the results should be reported to the internal audit units and reported to the top. Manager by unit head. It is considered appropriate that self-evaluation, which enables internal audit units to reach a certain level of maturity by continuously reviewing their goals, objectives and activities, should be seen as a means of maintaining and developing goals and capabilities. Internal audit units meet their goals and expectations rather than requirements.
The chief audit executive should establish policies for periodic internal quality reviews of the internal audit activity.
Internal review, internal audit activities and oversight; Its quality, standards and compliance with internal audit unit’s audit guidelines, methods of adding additional value to the organization and performance indicators should be evaluated.
Continuous internal evaluation
Continuous internal assessment efforts ensure that standards are consistent with customary practices and policies used to conduct internal audit activities. This can be achieved by:
Mission supervision and control,
• “Checklist” which ensures control of realization at each stage of the internal audit process according to the process,
• Supervision and feedback from participants,
• Review of working papers by auditors not participating in the relevant audit;
• Rate of achievement of performance indicators.
The most important component of the quality program is compliance with IIA standards. For this, audit activity performance measures should be developed by the internal audit unit.
It includes:
• Internal Audit Process,
• Level of contribution to the development of internal control, risk management and management processes,
• Key targets and rate of target attainment,
• Internal audit skills, innovation,
• Percentage of audit recommendations implemented,
• Employee productivity,
• To increase the cost-effectiveness of the audit process,
• Increase the number of activity plans in process improvement,
• Appropriate work planning and management,
• Ability to meet the needs of rights holders,
• number of management expectations and management requests from internal audit;
• Number of complaints about internal audit department.
