Adding Value to Required Reviews
To meet Institute of Internal Auditors (IIA) standards, internal audit departments must complete an external quality assessment review (QAR) every five years. In addition to being a qualified provider of this service, Crowe Horwath delivers added value, providing insights into regulator priorities and industry best practices.
The QAR requirements spelled out in IIA Practice Advisory 1312-1 can put significant demands on internal audit resources. As a result, many organizations focus primarily on simply completing the review efficiently, and fail to perceive the opportunity to gain added value and build stakeholder confidence.
An Efficient, Effective Approach
Crowe internal audit (IA) professionals can help you comply with QAR requirements efficiently, drawing on their extensive experience to help you determine the most effective approach for your situation. Our QAR teams employ a proven methodology that has been honed over the course of numerous engagements.
As an IIA Principal Partner, Crowe is recognized as a leading organization within the profession. In addition to extensive experience in the QAR process, Crowe professionals have deep industry expertise.
Their knowledge can give you added insight into industry best practices, including how to apply IA standards for greater value.