Wednesday, March 10, 2010

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Quick Fact

Professional Standards require an external assessment to be performed at least once every 5 years by qualified, independent reviewer(s) from outside the organization. 

Professional Standards require an external assessment to be performed at least once every 5 years by qualified, independent reviewer(s) from outside the organization. 

Companion Product

 

 

vtoolkit

The QAR vtoolkit  seeks to solve a problem reported by a large percentage of Chief Audit Executives (CAE), especially those leading small shops.  That is -- it is too expensive to have an independent external review done given size, tight expense budget and tight human capital. 

A small audit shop using QAR infocus  for their QAIP self assessment can expect a  validator using the QAR vtoolkit to be finished in less than one week.  In some cases the onsite requirement is approximately 2 days.  Of course, the time spent can always be increased based upon the needs and expectations of the client organization's CAE, Mangement and Audit Committee. 

The QAR vtoolkit  takes advantage of all the data and analysis performed within QAR infocus.  Information is also presented to the validator enabling him/her to reach a conclusion on compliance with minimal effort and time.

With the QAR vtoolkit  EVERY Internal Audit shop can afford to comply.

The QAR vtoolkit  seeks to solve a problem reported by a large percentage of Chief Audit Executives (CAE), especially those leading small shops.  That is -- it is too expensive to have an independent external review done given size, tight expense budget and tight human capital. 

A small audit shop using QAR infocus  for their QAIP self assessment can expect a  validator using the QAR vtoolkit to be finished in less than one week.  In some cases the onsite requirement is approximately 2 days.  Of course, the time spent can always be increased based upon the needs and expectations of the client organization's CAE, Mangement and Audit Committee. 

The QAR vtoolkit  takes advantage of all the data and analysis performed within QAR infocus.  Information is also presented to the validator enabling him/her to reach a conclusion on compliance with minimal effort and time.

With the QAR vtoolkit  EVERY Internal Audit shop can afford to comply.

Maturity Matrix

The QAR vtoolkit includes a Maturity Matrix.  The matrix provides a benchmark ranking the audit function against each IIA professional standard.  An example of the 1000 standard is presented below:

 

The QAR vtoolkit includes a Maturity Matrix.  The matrix provides a benchmark ranking the audit function against each IIA professional standard.  An example of the 1000 standard is presented below: