Quality assurance reviews for your internal audits
“External assessments, such as a quality assurance review, should be conducted at least once every five years by a qualified, independent reviewer or review team from outside the organization.” — Institute of Internal Auditors, Standard 1312.
Your internal auditors check and report on the quality of controls over your financial reporting, safeguarding of assets, and operational efficiency and effectiveness.
But who is checking on them? Plante Moran’s Enterprise Risk Services (ERS) team has the experience, knowledge, and depth to provide an independent assessment, a quality assurance review (QAR). They can validate that your organization has the controls in place that it needs and make recommendations for enhancements.
Quality assurance reviews can identify opportunities for improvement
As part of the quality assurance process, the team will assess the efficiency and effectiveness of your internal auditors based on established standards. They will evaluate the organizational structure and approach of your internal audit department and identify ways to enhance the department’s policies. Our quality assessment reviews deliver more than compliance, they provide solid advice on how to improve performance.
Many of our ERS team members hold advanced accounting and finance degrees and carry professional certifications, including Certified Internal Auditor (CIA), Certified Internal Controls Auditor (CICA), Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), Certified Information Technology Professional (CITP), Certified Information Security Manager (CISM), and Certified Information Systems Security Professional (CISSP).
Quality Assurance Reviews Services
Quality assurance reviews from Plante Moran help provide insight into performance gaps as well as the overall operations of your internal audit team.
Our ERS professionals are accredited in quality assurance reviews to ensure compliance with standards. Our internal audit methodology (see sample at right) is tried and tested and aligns with the requirements set forth by the Institute of Internal Auditors.