Professional internal auditing standards require that internal audit functions undergo a comprehensive external Quality Assessment Review (QAR) at least once every three to five years. The purposes are to:
Assess the efficiency and effectiveness of the internal audit activity;
Identify opportunities and offer ideas and counsel for improving the performance of the internal audit activity;
Provide a rating as to the Office of Internal Audit’s conformity to the International Standards for the Professional Practice of Internal Auditing and Government Auditing Standards.
An external QAR helps answer the question “Who audits the auditors?”
The results of the Office of Internal Audit’s most recent QAR are below.
Quality Assessment Reviews are in PDF format, Acrobat Reader is required to view. To get Acrobat reader for free click here.