Quality Assessment and Improvement Program Annual Results Alan - - PowerPoint PPT Presentation

Quality Assessment and Improvement Program Annual Results

Alan King – Interim Chief Internal Auditor

Quality Assessment and Improvement Program Annual Results

The Office of Internal Audit has completed the Quality Assessment and Improvement Program (QAIP)

• District policy (CFC Exhibit) requires the Office of Internal Audit to establish a quality

assurance program by which the Chief Internal Auditor assures the operations of internal auditing activities

• The QAIP was developed to also be in compliance with requirements of the Institute
• f Internal Auditors’ (IIA) International Standards for the Professional Practice of

Internal Auditing (Standards)

Input was received from the following:

• Chief of Staff Office
• Treasury Services
• Operational Services
• Office of Internal Audit

Quality Assessment and Improvement Program Annual Results

• The QAIP was performed through a combination of questionnaires and

review of the following:

• Internal Audit Charter
• Internal Audit Manual
• Audit Plan
• Risk Assessment
• Documentation completed for a sample of four audits during FY2018 and

FY2019

• Results from the QAIP will be used to prepare for the 5 year external review

that is due to be completed by the end of 2021

Quality Assessment and Improvement Program Annual Results

IIA Standards

Standard 1300 – Quality Assessment and Improvement Program

• A QAIP is designed to enable an evaluation of the internal audit activity’s conformance

with the definition of Internal Auditing and the Standards and an evaluation of whether internal auditors apply the Code of Ethics

• The program also assesses the efficiency and effectiveness of the internal audit activity

and identifies opportunities for improvement

Standard 1310 – Requirements

• The QAIP must include both internal and external assessments

Standard 1311 – Internal Assessments

Internal assessments must include:

• Ongoing monitoring of the performance of the internal audit activity
• Periodic self-assessments or assessments by other persons within the organization

with sufficient knowledge of internal audit practices

Quality Assessment and Improvement Program Annual Results

IIA Standards

Standard 1312 – External Assessments

• Must be conducted at least once every five years by a qualified, independent assessor
• r assessment team from outside the organization
• The Chief Audit Executive must discuss with the Board:
• The form and frequency of external assessments
• The qualifications and independence of the external assessor or assessment

Standard 1320 – Reporting

• The Chief Audit Executive must communicate the results of the QAIP to senior

management and the Board

Quality Assessment and Improvement Program Annual Results

IIA Standards

Standard 1321 – Use of “Conforms” with the International Standards for the Professional Practice of Internal Auditing

• The Chief Audit Executive may state that the internal audit activity

conforms with the International Standards for the Professional Practice of Internal Auditing only if the results of the QAIP support this statement Standard 1322 – Disclosure of Nonconformance

• When nonconformance with the definition of Internal Auditing, the Code of

Ethics, or the Standards impacts the overall scope or operation of the internal audit activity, the Chief Audit Executive must disclose the nonconformance and the impact to senior management and the Board

Quality Assessment and Improvement Program Annual Results

Evaluation Summary

Quality Assessment and Improvement Program Annual Results

Evaluation Summary

Standard subsets that were rated “DNC”: