Financial Institutions

The Key Best Practice for Building a Better Internal Audit

Build your QAIP with Wipfli.

Is your internal audit department sticking to industry standards?

If you’ve ever wondered if your internal audit department is best in class, there’s a way to find out! A quality assurance improvement program (QAIP) helps validate that your internal audit department is following professional guidance and industry standards. And if there’s room for improvement, it can tell you what changes you need to make.

If you’re working under the Institute of Internal Auditors (IIA) standards — or you’re considering working under these standards because of the quality control they offer — a QAIP is an IIA requirement, and an external assessment must be performed every five years.

Whether it’s time for your external assessment, or you want to make sure you transition to IIA standards the right way, Wipfli is here to help. Use our team to help build your QAIP, implement any improvements and make sure you comply with IIA standards.

Learn more or get started with our internal audit services by filling in the form.

Learn more or get started with our internal audit services by filling in the form.