Factsheet - Selecting an EQA Assessor

Factsheet

Selecting an EQA Assessor

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Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit, Quality

Format

Factsheet

Extract/Description

The Global Internal Audit Standards require an external quality assessment (EQA) to be performed every five years. The selection of a suitable assessor to perform this review is critical, to ensure they are appropriately skilled and independent from the internal audit function.

Key Points

1. There are key requirements of an EQA assessor to consider prior to engaging them, to ensure they have appropriate skills, knowledge, experience and training.

2. To ensure the EQA assessor is independent, there are a range of examples / scenarios that need to be considered, to ensure there are no impairments.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes