Factsheet - External Quality Assessment

Factsheet

This is a members only resource.

Please login to access.

Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit, Quality

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 methods have advantages and disadvantages to consider.

Relevant Industries

All

Level of Assumed Knowledge

Beginner

Aligned to Global Internal Audit Standards

Yes