Quality Assurance & Improvement Program

In Internal Audit, quality is guided by:

• mandatory guidance in IPPF

• obligation to meet customer expectation

• ISO31000 risk management framework

• the needs of the CAE

Per IIA Standards, internal audit functions must establish:

• Internal quality assurance and improvement program assessments

• External quality assurance and improvement program assessments

• Both internal and external quality assurance and improvement program assessments

• Neither internal nor external quality assurance and improvement program assessments

Based on the ISPPIA, external assessments must be conducted:

• Once every 3 years

• Once every 5 years

• Annually

• Once every 2 years

The development of Quality Assurance and Improvement Program is the responsibility of:

• the Audit Committee

• the Board of Directors

• the Chief Executive Officer

• the Chief Audit Executive

Which of the following standard is NOT relevant to QAIP

• 1305 - Importance of the Quality Assurance and Improvement Programme

• 1321 - Use of "Conforms with the International Standards for the Professional Practice of Internal Auditing"

• 1322 - Disclosure of Non-conformance

• 1311 - Internal Assessments

What are the purpose(s) of QAIP?

• To ensure that the CAE is performing his/her job effectively

• To ensure the IA activities are conducted based on the standards

• To provide reasonable assurance to the stakeholders

• To reduce the turnover rate at the IA department

What is the similarity of Full External Assessment and Self-Assessment with External Validation?

• Both have similar fees

• Both reports must be prepared by the CAE

• Both meet the requirements of the standards

• Both assessments are conducted by the external assessor

Which of the following is NOT the scope for external quality assessment

• Integration of the internal audit activity into the organisation’s governance process

• Conformance with the Code of Ethics and the Standards

• Expectations of the internal audit activity expressed by the Board of Directors

• Budget used by the IA departments

Which of the following is NOT the conformity rating issued in the external assessment?

• Generally conforms

• Wholly conforms

• Partially conforms

• Does not conform

Which of the following rating suggested that there are some deficiencies in the IA practice?

• Generally conforms

• Partially conforms

• Does not conform

• Wholly conforms