Seminar Overview  

Seminar Objectives/Course Content. The Standards for the Professional Practice of Internal Auditing now require those auditing in accordance with the Standards to have an external Quality Assurance Review (QAR) once every five years, effective 1/1/2002. 

This seminar discusses the external review process, including providing information that is helpful in preparing for a QAR.  Additionally, the attendee will be able to evaluate her/his own internal audit group during the seminar, including determining the overall opinion that would perhaps be reached by an external review team.

Actual results of external reviews will be shared with the attendees for purposes of highlighting some of the more difficult issues internal audit groups are facing today.

Discussions include, for example: 

Purpose

Discuss External QAR Process

Scope of Preliminary Assessment - determine, including extent of participation

YOUR Input to External QAR

Objectives of External QAR - Overview

General Approach Used - External QAR

External Assessments - "Standards"

Preliminary Information Gathering Requirements

Quality Assurance & Improvement Program - "Standards"

Internal Assessments - "Standards"

Evaluating Internal Audit Staff Skill Sets

Surveying Internal Audit Staff

Surveying Internal Audit Clients

Interviewing Management & Audit Committee

Audit File Review

Learning Objectives. Understanding the purpose and process involved in an external peer review; general approach used by review teams; information required to be compiled for the external review, and related professional expectations.

Program Level/Professional Experience - Advanced . Course is designed for both the experienced internal auditor and those with some experience in internal auditing.

Knowledge Requirements. Internal auditors with some practical experience in the internal audit process.

Advanced Preparation. None required.