1. Quality Assurance and Improvement Program (QAIP) Practice Guide
Sally-Anne Pitt CIA CGAP
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2. Sally-Anne Pitt (Australia)
Director Pitt Group Pty Ltd
Member of the IIA Professional Issues Committee
Author QAIP Practice Guide
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3. Briefing Outline The Quality Standards Embedding Quality
QAIP Practice Guide – Levels for Assessing Quality
QAIP Framework
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4. Quality Standards - 1300 Quality Assurance and Improvement Program
The chief audit executive must develop and maintain a quality assurance and improvement program that covers all aspects of the internal audit activity.
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5. Quality Standards
Requirements of the Quality Assurance and Improvement Program
The quality assurance and improvement program must include both internal and external assessments.
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6. Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization’s operations.
(Extract from the IPPF Definition of Internal Auditing)
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8. QAIP Practice Guide Embedding Quality Adding Value
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9. QAIP Practice Guide 3 Levels for Assessing Quality
Internal Audit Engagement Level
Internal Audit Activity Level
External Perspective
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10. Levels of Assessments - IPPF
Engagement Level
Activity Level
External Perspective
Internal Assessments
Periodic Self Assessment
Ongoing Monitoring
External Assessments
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11. Elements of Internal Assessments
Ongoing Monitoring
Continuous monitoring activities including engagement planning and supervision, standard working practices, working paper procedures and signoffs, and report reviews
Stakeholder feedback
Using checklists or internal audit automation to give assurance processes are followed
Using measures to determine if appropriate time is spent on different aspects of the audit process
Analyzing other performance metrics to measure stakeholder value
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12. Elements of Internal Assessments
Periodic Self Assessment
Working paper reviews
Self-assessment of the internal audit activity with objectives / criteria established as part of the QAIP
Review of internal audit performance metrics
Benchmarking of best practices
Periodic activity and performance reporting to the board and other stakeholders
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13. External Assessments An External Assessment examines
Efficiency and effectiveness of internal audit
Opportunities for improvement within internal audit
Conformance with the Standards
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14. Assessment Scales IIA Quality Assessment Manual Scale
Does Not Conform / Partially Conforms / Generally Conforms
IIA (North America) Path to Quality Assessment Scale
Introductory / Emerging / Established / Progressive / Advanced
IIA Capability Model for the Public Sector
Initial / Infrastructure / Integrated / Managed / Optimizing
DIIR (IIA Germany) Guideline for Conducting a Quality Assessment
3(Satisfactory) / 2 (Room for Improvement) / 1 (Significant Improvement Needed) / 0 (Unsatisfactory / Not Applicable)
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15. Conformance or Compliance
Conformance with standards is a technical term borrowed from the quality management discipline. It is not about complying with the letter of the standard. Someone who is in conformance with a standard is expected to achieve the spirit of the standard.
This is consistent with a principles-based approach
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16. Developing a Framework for a QAIP
QAIPs should be tailored according to:
The size of internal audit
The maturity of internal audit
Organizational maturity
Sourcing model
Relationship with other assurance providers
ONE SIZE WILL NOT FIT ALL
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17. A SAMPLE Approach to a QAIP
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20. Quality means doing the right thing when no one is looking.
(Henry Ford)
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21. Questions ???
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22. Thank you Sally-Anne Pitt Director Pitt Group Pty Ltd
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