Ensure internal audit meets standards and gain performance insights.
How do you know your internal audit function is providing value to the organization? Are they following professional guidance and industry standards? Astute audit committees and savvy Chief Audit Executives look to accredited professionals for an internal audit quality assurance review to answer these questions.
According to the Institute of Internal Auditors (IIA) standards, 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. The quality assurance review ensures that an organization’s internal audit program meets the expectations of the IIA’s International Standards for the Professional Practice of Internal Audit.
Whether it’s time for your external assessment, or you want to make sure you transition to IIA standards the right way, or you just want to get a better understanding of the value of your internal audit function, Wipfli is here to help. Use our team to help build your quality assurance improvement program, perform your independent testing, implement any improvements, make sure you comply with IIA standards, and make your internal audit function the best it can be.
Featured Thought Leader
Robert D. Cedergren, CPA, CGMA, CITP, CISM, CISA, CGEIT
Bob is the leader of Wipfli’s risk advisory services practice. Leveraging his 20+ years of experience, Bob provides consulting services to clients in the areas of risk management and is a frequent speaker and author on risk management-related topics including risk assessments, business continuity planning, and management of internal controls.
Torpey White, CPA, CITP, CISA, CGMA
Torpey has more than 25 years of experience in public accounting and the private sector. He applies his extensive experience in risk advisory services to assist clients in protecting and tailoring their business environment to mitigate risk, identify trends, increase efficiencies, and gain a competitive advantage.
Durward J. Ferland, Jr., CISA, CISM, CRISC
Durward has extensive knowledge of System and Controls (SOC) auditing and the Control Objectives for Information and Related Technology (COBIT). Leveraging over 18 years of IT experience, he also regularly performs IT audits, IT general control reviews, and readiness assessments for organizations across many industries.
