Internal Audit External Quality Assessment Explained by Vonya Global

Press Release ( - CHICAGO - Feb 06, 2017 - Vonya Global recently published an articled that explains Section 1312 of the Institute of Internal Auditors’ (IIA) International Standards for the Professional Practice of Internal Auditing (Standards).  Section 1312 requires an external third party to assess the internal audit department of an orgnization or corporation once every five years. This assessment, commonly known as a QAR, is designed to evaluate the internal audit department’s compliance with the IIA Standards and assesses the efficiency and effectiveness of the internal audit department.

There are multiple approaches to address the IIA QAR requirement.  The first is a self-assessment conducted by the internal audit department and then validated by an external party, defined by the IIA as a Self-Assessment with Independent Validation.  The second is a fully outsourced external assessment. The recent article by Vonya Global addresses the options, in addition to describing internal audit department benchmarking and a capability maturity assessment.  To read the article, please visit the Vonya Global webiste.…

Source : Vonya Global
Business Info :
Vonya Global LLC

You may also like this  

CATEGORIES : Accounting
DISCLAIMER : If you have any concerns regarding this press release, please contact the Author / Media Contact / Business of this press release. ePRNews is not resposible for the accuracy of the news posted and do not endorse, support any product/services/business mentioned and hereby disclaims any content contained in this press release.


Or using ePRNews Account

Don't have an account ? Sign Up

Register New Account

Or form here

Already have an account ? Login

Reset Password

Already have an account ? Login