Auditing standard 1312-External evaluation:
Auditing standard 1312-External evaluation:
Auditing Standard 1312. External evaluations must be performed at least once every five years by a qualified and independent auditor or an external review group.
The internal audit manager must negotiate with the board of directors in the following cases:
- Need for frequent external evaluation
- Qualifications and independence of the reviewer or external review team, including any potential conflicts of interest
interpretation:
External evaluation may be done through full external evaluation or through self-evaluation whose independence validity is at the level of full external evaluation.
The external evaluator must conclude that professional standards and codes of conduct have been met.
Also, external evaluation may include points and strategies.
A qualified assessor or assessment group is qualified in two areas:
- Professional work of internal audit
- External evaluation process
Competence can be achieved through a combination of experience and theoretical learning.
Experience gained in organizations of similar size, complexity, sector or industry and technical conditions is more valuable than less relevant experience.
Some of the members of the evaluation group must have all the qualifications.
Such a group is generally considered competent.
The chief audit executive uses professional judgment to assess the group’s competence.
An independent evaluator or evaluator group means that she has no apparent or potential conflict of interest and is not under the control of the organization to which the internal audit activity belongs.
The internal audit manager is expected to encourage the board of directors to monitor external evaluations in order to reduce apparent or potential conflicts of interest.
Beginning:
According to the provisions of this standard, the internal audit manager is responsible for ensuring that the internal audit activity is evaluated at least once every five years by an external independent evaluation person or group.
The program of improvement and quality assurance determines.
If the compliance of the internal audit unit with the international standards of professional implementation of internal audit and compliance of the internal auditors with the code of professional conduct, be accredited by the external evaluator.
Therefore, it is important for the internal audit manager to regularly review the international framework of professional practice and to be aware of all the changes required to be disseminated throughout the internal audit unit.
The internal audit manager usually knows the different types of external evaluation and the available resources to provide such a service.
She is also familiar with organizational policies related to external service providers.
In addition, the internal audit manager should meet the independence requirements related to external evaluation.
and hear the situations that impair the independence of neutrality or create a conflict of interest.