How Quality Assurance Reviews Can Strengthen the Strategic Value of Internal Auditing

Topics:
Audits,
Financial Regulations
Tags:
Audit,
Auditing,
Finance,
Financial Accounting,
PricewaterhouseCoopers Consulting,
QA
Source:
PricewaterhouseCoopers

Vendor Registration: required

Overview: In response to an increased focus on effective governance, the Institute of Internal Auditors (IIA) issued two key provisions to revise standards for the practice of internal audit in 2002. Of the two provisions, the external Quality Assurance Review (QAR) is considered to be particularly important, reflecting the enhanced role played by internal audit departments in the risk, control and governance activities of many major corporations today. By January 1, 2007, the deadline for IIA compliance, it is likely that most large companies will have completed extensive external assessments. However, is the strategic potential of this effort being fully utilized by the organizations undertaking these procedures?

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Format: PDF | Size: 749KB | Date: Jun 2006 | Pages: 44

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