Quality Assurance Reviews

The dialogue among stakeholders, audit committees and the regulatory authorities on the role and performance of internal audit has never been more robust, or more candid. Getting the most out of internal audit is now a business imperative. It all starts with a PricewaterhouseCoopers’ (PwC) Quality Assurance Review –– and our commitment to quality improvement that goes beyond just compliance.

Once the Internal Audit Department is up and running, it needs to work efficiently, effectively and in accordance with international standards. PwC can help departments achieve the quality assurance required by the auditing standard 1312 from 1 January 2007 by bringing in qualified, independent and external auditors who are experienced in running the quality assessment reviews required under the standard.

PwC's approach goes beyond meeting professional standards to take strategic and operational criteria into account (QARPlus).

PwC analyses the core Internal Audit processes: work practices and methods, reporting and communication, human resources, technology, knowledge management, performance assessment and quality assurance. The audit process is first planned and then validated through interviews with Internal Audit stakeholders. At the same time the core Internal Audit processes are tested and assessed through a benchmarking process. The audit process ends with an evaluation and final report.