External Quality Assurance Review

Institution *

1) The internal audit activity is perceived as adding value and helping our organization accomplish its objectives.

2) Internal audit activity staff has free and unrestricted access to records, information, locations, and employees during the performance of their engagements.

3) Internal audit activity staff communicates effectively (oral, written, and presentations).

4) Internal audit activity staff displays adequate knowledge of the business processes, including critical success factors.

5) The internal audit activity management sufficiently communicates its audit plans to management of areas being reviewed. This includes descriptions of audit objectives and scope of review.

6) The internal audit activity management adequately assesses the effectiveness of risk management processes employed by management to achieve objectives.

7) Internal audit activity audit reports are accurate, objective, clear, concise, constructive, complete, and timely.

8) The internal audit activity demonstrates sufficient knowledge of key information technology risks and controls in performing its audit engagements.

9) The internal audit activity demonstrates sufficient knowledge of fraud to identify “red flags”, indicating possible fraud when planning its engagements.

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External Quality Assurance Review