Analysis of the Audit Function

How good is your auditing?

The IIR revisions standard Nr. 3 demands a fairly high quality control of the internal audit. The internal audit is to operate a program of quality assurance and improvement, which encompasses all aspects of auditing and serves to the continuous monitoring of their effectiveness. The purpose of the quality control is to sufficiently insure that the work of the internal audit contributes to the appreciation of the company and improvement of business processes.

The auditing administration is responsible for the quality control. They have to insure that a quality control is established, which corresponds in size and structure to the internal auditing and to the quality control of the company. Furthermore, the auditing administration must determine in what form the individual components of the quality control are used in the internal audit. 

AudiRis can help to set up a suitable quality control for the audit or check if the existing quality control meets the requirements of the IIR Revisions standards.