Overview

An external assessment is required by the IIA's International Professional Practices Framework (IPPF) Standard Number 1312 and must be conducted at least once every 5 years. The assessment can either be a full QAR performed by an independent team or it can be a validation of the client's self (QAIP) assessment.

QAR vtoolkit imports QAR infocus data to save the Chief Audit Executive (CAE) time in preparing for the external assessment, save the validator time in organizing and reviewing the client data, and ensure the review covers all requirements of the IPPF while minimizing total cost of compliance.

QAR vtoolkit is compatiable with Windows 7 Operating System and 2007 Microsoft Office. The vtoolkit is a validation tool and is not covered by QAR product support. Support is only available on an hourly fee basis.

Benefits

Eliminates redundant data entry - all QAR infocus information is electronically transferred into QAR vtoolkit
Maintains comprehensive cross-reference - all standards have complete cross referencing back to their original source documentation and basis for conclusion
Enhances data organization - all data is stored in a logical repository for access as needed
Provides a Maturity Matrix to benchmark compliance and provide an objective basis for judging improvement over time.
Creates flexible, detailed reporting for leading discussions with Senior Management and the Audit Committee.

Eliminates redundant data entry - all QAR infocus information is electronically transferred into QAR vtoolkit
Maintains comprehensive cross-reference - all standards have complete cross referencing back to their original source documentation and basis for conclusion
Enhances data organization - all data is stored in a logical repository for access as needed
Provides a Maturity Matrix to benchmark compliance and provide an objective basis for judging improvement over time.
Creates flexible, detailed reporting for leading discussions with Senior Management and the Audit Committee.

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