IIA-Australia Factsheet - External Quality Assessment

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Author

IIA-Australia

Date

 2025

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 the Global Internal Audit Standards.

Key Points

Methods used to perform an external assessment are:

  1. Full Scope External Assessment
  2. Peer Reviews
  3. Self-Assessment followed by an Independent Validation (SAIV)

Each of these have advantages and disadvantages to consider.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes