Practice Guides provide detailed guidance for conducting internal audit activities. They include detailed processes and procedures, such as:
- Tools and techniques,
- Step-by-step approaches
- Examples of deliverables
Practice Guides are part of The IIA's International Professional Practices Framework. As part of the Recommended category of guidance, compliance is not mandatory, but it is strongly recommended and the guidance is endorsed by The IIA through formal review and approval process.
Quality in internal audit is guided by both an obligation to meet customer expectations, as well as professional responsibilities inherent in conforming to the Standards. To help practitioners interpret the Standards related to quality, The IIA has produced this Practice Guide, Quality Assurance and Improvement Program (QAIP).
The document discusses the purpose behind developing a QAIP and provides guidance on the key elements that comprise it. It covers those elements required for conformance with the Standards, as well as elements that constitute better practice.
QAIPs need to be tailored to the specific needs of each internal audit activity and, therefore, may come in a myriad of forms. However, this document provides a generic framework for developing a QAIP that can be applied regardless of the size or nature of the internal audit activity.
Item Number: 10.1106