OAAS will maintain a Quality Assurance and Improvement Program (QAIP) that covers all aspects of the internal audit process. The program will include an evaluation of OAAS’ conformance with the Definition of Internal Auditing and the Standards and an evaluation of whether staff comply with the Code of Ethics. The program also assesses the efficiency and effectiveness of OAAS activity and identifies opportunities for improvement.
The CAO will communicate to the President, Chair A&C, and Executive Management on OAAS’ quality assurance and improvement program, including results of ongoing internal assessments and external assessments conducted at least every five years. Based on the 2022 independent validation of the QAR performed, the QAR team agreed that the OAAS generally conforms with the Institute of Internal Auditors’ International Standards for the Professional Practice of Internal Auditing and Code of Ethics.