Changes to quality practice advisories
Global IIA has updated the quality assessment series of the practice advisories updating five and adding four new ones to create nine in total. (1310-1, in relation to the requirements of the quality assurance and improvement programme has been removed.)
None of the primary related International Standards relating to quality have changed. The revisions and new advice are intended to provide a more concise explanation of the key requirements around quality and to help internal auditor consider, apply and promote good practice.
The key changes
- New practice advisories regarding the independence of the external assessment team (1312-3 Private Sector and 1313-4 Public Sector) offer advice on how to avoid conflicts of interest when selecting external reviewers and guidance on using peer review as an assessment method.
- A new practice advisory 1320-1 Reporting Results of the Quality Assurance and Improvement Program provides guidance to the head of internal audit on how to communicate the results of internal and external assessments to senior management and the board (audit committee).
- A new practice advisory 1322-1 Disclosure of Nonconformance with the International Standards for the Professional Practice of Internal Auditing explains the need to report non-conformance to the board (audit committee) and includes some examples.
- Revisions have been to the practice advisories related to internal assessments (1311-1), external assessments (1312-1), and self-assessments with independent validation (1312-2) to assist internal audit professionals in implementing standard 1300 Quality Assurance and Improvement Programme. This includes explaining best practice around on-going monitoring and the rational for choosing independent validation of self-assessment as a means of external assessment.
Questions?
If you have any queries please contact our technical team at technical@iia.org.uk.
Content reviewed: 20 January 2022
