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Internal Audit Quality Assessment
Organizations having an in-house internal audit function would like to know if they have the right size, right competencies and skill sets, qualifications and also whether the frequency, coverage of the audit is commensurate with the nature and size of the business. In US, it is mandatory to perform internal audit quality assessment every 5 years, by an independent third party auditor.

If you have an inhouse internal audit function and if you want to evaluate the structure, competency, functionining of the IA function, then it is advisable that you get the IA function audited, famously known as - 'Auditing the auditors'. This will enable your internal audit team to excel

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