Bibi Consulting is offering free, no obligation, high level reviews of internal audit departments in Ottawa,Canada and selected cities in the Middle East.
The work to be performed shall consist of a high level review of the company’s Internal Audit Department’s operations focusing on the following areas:
a.Authority, Organization and Independence
The review is not designed to audit the company’s operations in any form, or is designed to detect fraud or weakness in the company’s internal control system. It is not a substitute for the external assessment of the internal audit activity as stipulated by standard 1312 of the INTERNATIONAL STANDARDS FOR THE PROFESSIONAL PRACTICE OF IINTERNAL AUDITING, but it may help in preparing for such assessment.
Upon the completion of the review, the company shall receive a brief report summarizing the work performed and recommendations for major areas of improvements, if any.
Use of " Conforms with the International Standards for the Professional Practice of Internal Auditing" by the IA activity is permitted only if the results of the quality assurance and improvement program (QAIP) support this statement. Let us help your IA activity establish an effective QAIP ,by contacting us today .