Internal Audit Quality Assessment

Internal Audit Quality Assessment is a process used to evaluate how effectively an organization’s internal audit function performs its duties. It involves reviewing practices, procedures, and outcomes to ensure audits are thorough, unbiased, and aligned with best standards. This assessment helps identify areas for improvement, enhances credibility, and ensures that internal audits provide reliable insights to support good governance and risk management. Essentially, it’s a quality check to confirm that internal audits are adding value and helping the organization operate more transparently and responsibly.