External Assessment Process

No. Action

1 Before the Quality Assessment

1.1 Quality Assessment included in the Internal Audit Plan

1.2 Quality Assessment scheduled

1.3 Assessor / Assessment team selected

1.4 Preliminary meeting between Chief Audit Executive and assessment team

1.5 Assessment team provides support to Internal Audit if required

1.6 Discussions scheduled

1.7 Surveys distributed to middle management if required

1.8 Internal Audit ensures it has:

 Quality Insurance and Improvement Program
 Annual Internal Assessments for preceding years

2 Conducting the Quality Assessment

2.1 Quality Assessment commences

2.2 Opening meeting

2.3 Work paper file commenced and reference material gathered

2.4 Reference material reviewed

2.5 Internal Audit Charter reviewed

2.6 Audit Committee discussions

2.7 Management discussions

2.8 Internal Audit staff discussions; also service provider discussions if required

2.9 Internal Audit operations reviewed

2.10 Quality Assurance and Improvement Program reviewed

2.11 Internal Audit engagement work papers reviewed

2.12 Evaluation against the Standards

2.13 Draft Quality Assessment report prepared

Copyright © 2017 by The Institute of Internal Auditors–Australia

No. Action

2.14 Closing meeting

2.15 Final Quality Assessment report prepared

3 Informing Management

3.1 Discussion with Internal Audit staff

3.2 Discussion with Chief Executive Officer

3.3 Presentation to Audit Committee by assessment team

4 Monitoring and Follow-up

4.1 Improvements implemented by Internal Audit

4.2 Improvements monitored by the Audit Committee

4.3 Implementation of improvements followed-up at next Quality Assessment

Copyright © 2017 by The Institute of Internal Auditors–Australia

 Self-Assessment with Independent Validation Process
No. Action Self-Assessment Independent
by Internal Audit Validation by
Independent
Validator

1 Before the Quality Self-Assessment

1.1 Quality Assessment included in the Internal 

Audit Plan

1.2 Quality Assessment scheduled 

1.3 Independent Validator selected 

1.4 Preliminary meeting held between Internal Audit  

and Independent Validator

1.5 Timeframe agreed between Internal Audit and  

Independent Validator

1.6 Independent Validator provides support to 

Internal Audit if required

1.7 Discussions scheduled 

1.8 Surveys distributed to middle management if 

required

1.9 Internal Audit ensures it has: 

 Quality Insurance and Improvement Program
 Annual Internal Assessments for preceding
years

2 Conducting the Self-Assessment

2.1 Self-Assessment commences 

2.2 Work paper file commenced and reference 

material gathered

2.3 Reference material reviewed 

2.4 Internal Audit Charter reviewed 

2.5 Internal Audit operations reviewed 

2.6 Quality Assurance and Improvement Program 

reviewed

2.7 Internal Audit engagement work papers 

reviewed

2.8 Evaluation against the Standards 

2.9 Quality Self-Assessment report prepared 

Copyright © 2017 by The Institute of Internal Auditors–Australia

No. Action Self-Assessment Independent
by Internal Audit Validation by
Independent
Validator

2.10 Self-Assessment report sent to Independent 

Validator

3 Conducting the Independent Validation

3.1 Independent Validation commences 

3.2 Opening meeting  

3.3 Reference material reviewed 

3.4 Internal Audit Charter reviewed 

3.5 Audit Committee discussions 

3.6 Management discussions 

3.7 Internal Audit staff discussions; also service 

provider discussions if required

3.8 Self-Assessment Work Paper File and Report 

reviewed

3.9 Quality Assurance and Improvement Program 

reviewed

3.10 Internal Audit engagement work papers 

reviewed

3.11 Evaluation against the Standards 

3.12 Closing meeting  

3.13 Independent Validation Statement included in 

Self-Assessment report

4 Informing Management

4.1 Discussion with Internal Audit staff  

4.2 Discussion with Chief Executive Officer  

4.3 Presentation to Audit Committee by assessment  

team

5 Monitoring and Follow-up

5.1 Improvements implemented 

5.2 Improvements monitored and followed-up at  

next Quality Assessment

Copyright © 2017 by The Institute of Internal Auditors–Australia