Quality assurance reviews

Making quality count

Today, more than ever, leading organizations depend on the quality of internal audit. A business climate driven by demands for better governance, accountability, transparency and cost efficiency has created new demands on internal audit. In this new climate, audit committees and management are asking tough questions about the quality and effectiveness of their internal audit functions.

PwC has extensive experience in assisting audit committees, chief audit executives and management in ensuring internal audit quality and effectiveness. Quality should be considered from three viewpoints:

• Effectiveness in meeting the needs of stakeholders
• Efficiency and effectiveness in the use of the internal audit best practices
• Compliance with applicable professional and/or regulatory internal audit standards and requirements

Internal audit must address all three dimensions to be considered high performing in today’s challenging environment.

PricewaterhouseCoopers’ quality assurance review (QARPlus) helps companies assess the efficiency and effectiveness of their internal audit function and recommend action plans to improve the performance and value of the function.

How PricewaterhouseCoopers (PwC) can help

PwC’s QARPlus methodology enables companies to align internal audit’s focus with risks related to corporate priorities and strategies, enhance operational effectiveness, and ensure conformity with IIA Standards to improve internal audit effectiveness and the overall efficiency of the function.

Talk to us about how we can help your organization to structure and operate the most effective internal audit function to meet and exceed stakeholder expectations.