Welcome to the IIA NZ External Quality Assessment (EQA) Service in partnership with The IIA

As of 9 January 2025, the new Global Internal Audit Standards came into effect, introducing an enhanced framework to elevate the internal audit profession worldwide. To learn more about the Standards and the International Professional Practices Framework (IPPF), click here.

In alignment with these new Standards, IIA NZ is proud to announce its partnership with The IIA, who developed and implemented the Global Internal Audit Standards, to offer an External Quality Assessment (EQA) service tailored for New Zealand organisations.

We offer three types of services:

1. Gap Analysis Assessment 
2. Self-Assessment with Independent Validation
   
3. Full External Quality Assessments

Why Conduct an EQA?

IIA Quality Services helps validate and strengthen your internal audit activity and enhances your effectiveness, efficiency, and practice implementation.

An EQA provides numerous benefits, including:

• Independent Assurance: Offers shareholders and stakeholders a credible, external evaluation of how effectively the Standards have been implemented.
• Identifies Gaps: Pinpoints areas for improvement to strengthen compliance with the Standards.
• Enhanced Effectiveness: Supports the validation and advancement of internal audit activity, ensuring it operates efficiently and effectively.
• Benchmarking and Best Practices: Leverages insights from those who created the Standards, helping your organisation align with global best practices.
• Stakeholder Confidence: Demonstrates your organisation's commitment to upholding the highest quality standards in internal audit.

As per the Standards, it is recommended that you conduct an EQA at least once every five years to maintain alignment and ensure continuous improvement.

To explore our EQA resources, click here.

Why IIA Quality Services?

Trusted source in the profession with years of internal audit experience and a deep understanding of the implementation and methodology of the Standards, IIA Quality Services assists CAEs in gaining support from the audit committee through an understanding of how an external quality assessment is necessary and valuable to your department and stakeholders.

IIA Quality Services is in a unique position to perform quality assessments with our expert team of world-class quality assessors who have excellent credentials and many years of combined experience performing quality assessments. IIA Quality Services:

• Has a roster of experienced CAEs who provide guidance and advice to our clients and are recognized quality assessment leaders globally. 
• Guides internal audit practitioners in collaboration with The IIA's methodology to conduct assessments for Fortune 500 companies, government agencies, and small businesses.
• Performs in a wide variety of industries across the globe.
• Is the source for the development and interpretation of the new Standards.
• Focuses only on Quality Assessment services - no other consulting services.
• Has a data base of five years of survey history to compare survey results to your company.
• Has a proprietary maturity model to assess your maturity level for all the Principles.
• Has access to the IIA Global Benchmarking Tool.

Quality Assurance and Improvement Program (QAIP)

Discover the Importance of a Quality Assurance and Improvement Programme for Internal Audit

A robust Quality Assurance and Improvement Programme (QAIP) is essential for every internal audit activity. It ensures that your internal audit function operates at its highest level of effectiveness and efficiency while adhering to professional standards.

Implementing a QAIP allows organisations to:

• Enhance Credibility: Demonstrate a strong commitment to quality and continuous improvement to stakeholders.
• Ensure Compliance: Align with the latest Global Internal Audit Standards and best practices.
• Identify Opportunities for Growth: Regular assessments uncover areas for enhancement in processes and methodologies.
• Build Stakeholder Confidence: Strengthen trust in the internal audit function's ability to provide valuable insights.
• Drive Organisational Excellence: Support the internal audit activity in contributing to broader organisational success.

Learn more about why a QAIP is crucial for your organisation and how it can transform your internal audit function.

Explore the Quality Assessment Manual, 2024 Edition

The 2024 Edition of the Quality Assessment Manual is now available to help guide your organisation in achieving excellence in internal audit quality assurance. Designed for both new and experienced internal audit professionals, this manual provides comprehensive tools and methodologies to support your Quality Assurance and Improvement Programme (QAIP).

The manual is available in two formats:

• eBook: Instant digital access for convenient reference.
• Hardcover: A durable, physical edition ideal for your professional library.

When you purchase the Hardcover edition, you’ll receive the eBook at no additional cost. The eBook is accessible immediately upon purchase, and the Hardcover copy will be shipped to you promptly.

Order your copy today here and ensure your internal audit activity aligns with the latest Global Internal Audit Standards and best practices.

Schedule Your Free Consultation

To learn more or arrange an EQA:

• Schedule a Free 30-Minute Consultation,
• Complete this form to request a proposal,
  
• Learn more about the EQA Service,
• Explore our EQA resources, click here,
  
• Would you like to become a IIA NZ EQA Approved Local Assessor? Send a EOI to admin@iianz.org.nz,
• To complete the IIA Global Quality Assessor Certificate Programme, click here,
• Or, email Quality@theiia.org with the subject line "Consultation Request."
• Or, contact the IIA NZ, admin@iianz.org.nz, for further information.

Let us help you enhance your internal audit function and achieve excellence with IIA NZ’s tailored EQA services.