Quality Assurance
       
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      n           An IA quality program should consist of:
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    o i              Continuous/ongoing monitoring
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    n                Internal quality assessments;
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    A r              External quality assessment
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                                                                              © OECD
                 Elements of Quality Review 
         
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     h  y        Why do we need a quality review?
     t  b
         
     d  d
     n  e
     a  c
        n
     D  a        
     C  n               Strengthen assurance to all the stakeholders on the performance 
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        l               of the internal audit activity
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     t  i  U     
        c               Reliance on other auditors 
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     i  ,               More efficiency
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     i  i
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     i  n               Reduce duplicity
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     i  U
         
      
     t  n        
     n  a               Standards understood and implemented in common way
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     A  r               Check compliance with guidelines, rules etc.
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        E              Implement corrective actions in good time (supervise, mentor)
                       …
                                                                                                    © OECD
                   Elements of Quality Review 
         
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     h  y
     t  b
                      Structure 
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     n  e
     a  c             Independence, status and reporting level in the organization
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     e  a  .          Staff 
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     f  n  E          qualifications, skills and experience 
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     n                Methodology 
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     n  a             tools, processes and procedures - audit manual 
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        E             Audit work
                      execution according to the annual plan, timeliness, reporting, working papers
                                                                                                    © OECD
                 Quality Assessment Milestones
         
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        h
        t        •   PLAN
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    h   y
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                            Strategy
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        n                   Audit plans
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        l        •   FIELDWORK
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    f   n  E                Audit manual, IT system to record work, checklists,     procedures
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    i   i        •   BEFORE REPORT
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                            Draft findings
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    j   p                   Contradictory process with auditees 
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    A   r
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                 •   REPORT
                            Final audit report presented
                 •   AFTER REPORT / CLOSE FILE
                            Quality assessment of working papers / report
                                                                                                  © OECD
               Possible ways for quality assessment  
        
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    e   
    h  y
    t  b          HOW to do it?
        
    d  d
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    a  c
       n
    D  a
    C  n          Ex-ante 
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       l            Direct supervision or mentoring during audit 
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    t  i  U       Joint audits
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       r          Coordination of  audit steps (incl. assessment of audit 
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    a  o            programmes)
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    i  e          Ex-post
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    A  r
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       E           Quality assessment of the audit documentation, report etc.
                   Quality and effectiveness of communication 
                   Feedback from clients and from auditees
                                                                                      © OECD