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 two types of services:

1. Gap Analysis Assessment – A focused review identifying areas of improvement.
2. Full Review with Gap Analysis – A comprehensive assessment, including a detailed evaluation of your internal audit activity against the Standards.

These assessments will be conducted by NZ-based assessors in collaboration with The IIA, ensuring local expertise and global alignment.

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 to conduct an EQA every five years to maintain alignment and ensure continuous improvement.

To explore our EQA resources, click here.

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 Consultation,
• Or, email Quality@theiia.org with the subject line "Consultation Request."
• Or, contact the IIA NZ Chief Executive (ceo@iianz.org.nz) for further details or to enquire about becoming an IIA Approved EQA assessor.

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