IIA-Australia Factsheet - External Assessment Options

IIA-Australia Factsheet - External Assessment Options

This is a members only resource. Please login to access. 

  1.  

Author

IIA-Australia

Date

 2022

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

An external assessment forms part of an internal audit function’s quality assurance and improvement program required by Internal Audit Standard 1300.

Key Points

Methods used to perform an external assessment are:

  • Full Scope External Assessment
  • Peer Reviews
  • Self-Assessment followed by an Independent Validation (SAIV)
  • Peer Reviews

Relevant Industries

All

Level of Assumed Knowledge

Intermediate