Learning to love the scrutiny: initiating a quality assessment can help an internal audit group come out on top.
Internal Auditor › Vol. 61 Nbr. 1, February 2004
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Learning to love the scrutiny: initiating a quality assessment can help an internal audit group come out on top.
MANY INTERNAL AUDIT DIRECTORS HAVE MIXED EMOTIONS ABOUT conducting an independent quality assessment (QA) (formerly known as a quality assurance review) once every five years, as mandated by The IIA's International Standards for the Professional Practice of Internal Auditing (Standards). Although they love the idea of raising the bar on quality--especially since the U.S. Sarbanes-Oxley Act of 2002 upped the stakes--they often loathe the idea of inflicting a QA upon themselves. * So, why did the internal audit department at Bon Secours Health System, based in Marriottsville, Md., welcome the scrutiny of a QA even before it was a requirement of the Standards? No one had been questioning the department's practices. There were no burning issues or concerns regarding quality. Still, the internal auditors were determined to take a proactive approach and co...
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