About Quality Assurance
A Quality Assurance and Improvement Program (QAIP) enables an evaluation of the internal audit activity’s conformance with the Definition of Internal Auditing and the International Standards for the Professional Practice of Internal Auditing (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.
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UAE IAA Quality Assessment Services
Introduction:
A Quality Assurance and Improvement Program (QAIP) enables an evaluation of the internal audit activity’s conformance with the Definition of Internal Auditing and the International Standards for the Professional Practice of Internal Auditing (Standards) and an evaluation of whether internal auditors apply the Code of Ethics. All internal audit activities, regardless of industry, sector, or size of audit staff — even those outsourced or co-sourced — must maintain a QAIP that contains both internal and external assessments.
The United Arab Emirates Internal Auditors Association (UAE-IAA) has a track record for carrying out independent internal audit quality assurance services in the UAE and has a dedicated staff in-house to address this need of all clients.
External Quality Assessment
- Assess how well the IA activities conform to the International Standards for the Professional Practice of Internal Auditing (Standards)
- Evaluate the performance of the IA department and substantiates the expectations of the board and executive management
- Identify opportunities for improvement
Self Assessment With Independent Validation (SAIV)
- Self-assessment by the internal audit activity
- Independent validation conducted by UAE-IAA team
Readiness Review
- Conduct an independent gap analysis focused on the internal audit activity’s current level of conformance with the Standards;
- Recommend actions for remediation of identified gaps to the IPPF.
- Identify opportunities to improve efficiency and effectiveness of IA processes
Testimonials
Partial Client List
Advantages In Partnering With The UAE-IAA
Experienced Team:
The team includes competent professionals who have a wealth of experience in the Internal Audit profession and who are well versed with the standards and the assessment methodology. Few have also been awarded the Qualification in Internal Audit Leadership (only 50 professionals in the world hold this qualification) and who have solid experience conducting quality assurance review.
No Conflict of Interest:
The team includes competent professionals who have a wealth of experience in the Internal Audit profession and who are well versed with the standards and the assessment methodology. Few have also been awarded the Qualification in Internal Audit Leadership (only 50 professionals in the world hold this qualification) and who have solid experience conducting quality assurance review.
Return on Investment:
The UAE-IAA is a not-for-profit organization that promotes the profession of internal auditing throughout the UAE. As such, its fees are tailored to ensure that maximum benefit is passed on to our clients.
Access to the IIA Global Resources:
The UAE-IAA affiliation with the IIA Global gives it the access to their resources from around the world. This enables sourcing the right professionals for the engagements who can add value to its clients.
The Approach
The UAE-IAA has developed a well-documented methodology to ensure consistency in the performance of this service. The methodology has been refined since, with the new phased approach allowing the Review Team to:
Request For A "No Obligatory Proposal"
UAE IAA’s QA department will provide QA services using professionals who are well versed with the Standards and have the experience of interacting at the highest levels in an organization. The assessment team uses the Quality Assessment Manual for the Internal Audit Activity to conduct the assessment.
To know more about how we can engage with you for conducting a QA or would like to know more about the Quality Assurance and Improvement Program (QAIP); download the below form, fill and email to quality@uaeiaa.org to receive a “no-obligatory” proposal.
Become A QA Volunteer
Become a Quality Services volunteer with the UAE IAA:
The UAE IAA depends on volunteers and internal audit professionals to complement its team for performing external quality assessments.
Expectations from a volunteer:
We do not have many expectations from you, just a few.
- Time – the most important expectation. Typically, most engagements last for approx. 5 working days (Monday – Friday).
- You will be required to do some advance reading on client supplied material which will form part of your preparation for the engagement.
Benefits of being a volunteer:
There are several benefits if you choose to become a volunteer.
- The experience that you will gain will be of immense value to you for today and tomorrow.
- This will give you the opportunity to prepare your organization for a QA.
- It will enable you to get a deeper understanding of the International Standards for the Professional Practice of Internal Auditing (Standards).
- Continuing Professional Education (CPE) hours.
Requirements to become a QA volunteer:
To be able to be considered as a member of the QA team you should:
- Have a minimum 5-7 years internal auditing experience with 2-3 years in QA.
- Active CIA certification is mandatory
- Certification (e.g. CISA, CRMA, etc.) will be preferred, but not mandatory. However, certain engagements may require you to be certified.
- Have knowledge of the International Standards for the Professional Practice of Internal Auditing (Standards).
- Have attended the IIA’s training course: QAR – Based on the IIA Standards.
- Must be a member of the UAE IAA.
- Not be a consultant or work in a consulting field.
How to become a volunteer:
Email us at quality@uaeiaa.org and we will guide you through the process.
