External Quality Assessment
The Institute of Internal Auditors (IIA) Standards require that audit organizations have an external assessment at least once every five years. An external assessment consists of a qualified, independent reviewer or review team from outside the organization assessing the adequacy of the audit organization’s internal quality control system and its overall level of compliance with the IIA Standards, and whether the Audit Department adds value to the City.
The City of Minneapolis Internal Audit Department plans to have an external quality assessment performed in 2013.
Last updated Jan 3, 2013