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Consider having a preliminary QAR that focuses on identifying your strengths as well as areas for improvement.
Why not make sure that you have identified and can clearly demonstrate your "best practices?"
Why wait for the formal External QAR to identify the critical issues for your Internal Audit Department? Deficiencies, if any, should be identified and fixed now - that is your professional responsibility.
A top-view focused preliminary QAR could quickly evaluate and identify key issues, such as:
Best Practices
Compliance - Standards, Charter, etc.
Risk Assessment Methodology
Audit Plan - appropriateness; accomplishing
Reporting - Audit Committee, Executive Management
Audit Reports - format, breadth, depth, etc.
Charter - appropriateness
Audit Process - planning, fieldwork, etc.
Training Program/Policies
Staff Skill Sets
Quality Assurance Program (developed in-house)
Coordination with External Auditors
Scope of Work
Due Professional Care
Etc.
Additional benefits which could result from a Pre – QAR:
Identifying Training Needs
Gathering, organizing and evaluating for completeness and appropriateness information that will eventually be required for the external QAR
Assistance in developing a Request for Proposal for an external QAR
Developing an in-house Quality Assurance and Improvement Program, including an effective audit file review process
Cost for a Pre QAR?
$5,250, plus related expenses
All future customized in-house seminars for your staff delivered on-site at the substantially reduced fee of $1000 per day, plus related expenses.
Need an evaluation of the information compiled for your external peer review? For $1,250 we will:
Assist you in identifying the information needed for the external review, and
Review the information/documentation for completeness.
Only need assistance in identifying the information needed for the external peer review? $175
Do a Self Assessment & have it validated by 3rd party:
Big $avings!
Contact Us for more information.
Additional services available in conjunction with your external peer review:
Free external QAR quote; no obligations. (Estimate can be provided with only four pieces of information).
Assistance in developing a proposal for the external QAR.