Corporate report

The Internal Audit Quality Assessment Framework

The Internal Audit Quality Assessment Framework is a tool for evaluating the quality of the internal audit service in an organisation.

Detail

The Internal Audit Quality Assessment Framework (IAQAF) is a tool for evaluating the quality of the internal audit service in an organisation. It is intended to:

  • facilitate identification of actions for continuous improvement
  • facilitate evaluation of progress with improvement plans
  • provide an approach to both internal and external Quality Assurance reviews which is not “tick box” and which goes beyond compliance with the Standards alone

The IAQAF is the Treasury’s recommended approach to carrying out internal and external quality assessments. It has been designed to help evidence effective internal auditing in line with the Pubic Sector Internal Audit Standards, with a focus on outcomes that help our organisations to meet their public sector delivery commitments.

The approach has been aligned to the Chartered Institute of Internal Auditor’s professional guidance: Quality Assurance and Improvement Programmes. If the standards are followed appropriately this should enable internal auditors to state that their work is “conducted in conformance with the International Standards for the Professional Practice of Internal Auditing”.

All 5-yearly reviews should be undertaken by an independent contractor, using the specification available above.