Audit Quality Management: Using KPIs and Quality Gates to Drive Excellence
– Implement robust audit quality management frameworks that leverage KPIs and quality gates to consistently deliver high-impact audits. Implement a cutting-edge audit quality management framework that uses key performance indicators (KPIs) and quality gates to drive accountability, excellence, and continuous improvement across the audit lifecycle. Discover how to track what matters most and ensure every audit phase delivers consistent, high-impact results. –
Description:
In a landscape where high-impact results are paramount, achieving audit excellence goes beyond compliance; it involves strategic quality management throughout the audit life cycle.
This training introduces participants to advanced frameworks that leverage Key Performance Indicators (KPIs) and Quality Gates to maintain the highest standards. Drawing on the Global Internal Audit Standards, particularly from Domain IV (Managing the Internal Audit Function) and Domain V (Performing Internal Audit Services), participants will learn how to define, implement, and measure KPIs aligned with their audit strategy, while embedding Quality Gates as checkpoints throughout each audit phase. These gates ensure that all activities meet quality expectations before progressing, thereby reducing rework and driving continuous improvement.
Through this course, auditors will develop robust audit quality management systems by using data-driven insights to identify gaps, optimize resources, and enhance value generation.
By the end of this training, participants will not only understand how to track KPIs and implement Quality Gates but also ensure that their internal audit functions align with the new Global Internal Audit Standards, thereby delivering measurable and consistent audit success.
Objectives:
- Understand the role of KPIs and quality gates as outlined in Domain V of the Global Internal Audit Standards and their impact on audit performance.
- Design KPIs aligned with audit strategy that measure efficiency, effectiveness, and audit impact.
- Apply audit quality gates as key checkpoints to ensure all phases of the audit meet rigorous standards.
- Leverage data-driven insights from KPIs to continuously improve audit processes, reducing rework and inefficiencies.
- Ensure conformance with the Global Internal Audit Standards, particularly Standard 12.2(Performance Measurement) and Standard 12.3 (Overseeing and Improving Engagement Performance).
- Develop techniques for continuous improvement by tracking performance metrics and integrating feedback into audit planning and execution.
- Enhance stakeholder communication by reporting on KPIs and demonstrating the value of audit findings in line with Standard 11.3 (Communicating Results).
- Implement proactive quality management strategies that anticipate risks, enhance governance, and align audit activities with organizational goals.
- Learn techniques for minimizing rework and enhancing the efficiency of audit processes through proactive quality management.
- Gain insights into leading industry practices for audit quality management that align with IIA Global Standards and the IPPF.
Topics:
- Introduction to Audit Quality Management and the Global Internal Audit Standards
- Overview of KPIs and Quality Gates in audit quality
- Importance of audit quality per Standard 12.1 (Internal Quality Assessment)
- Aligning audit quality management with organizational objectives
- Setting Effective KPIs for Internal Audit
- Defining KPIs in the context of Standard 12.2 (Performance Measurement)
- Choosing key metrics that reflect audit effectiveness and efficiency
- Monitoring audit performance: tools and best practices
- Designing and Implementing Audit Quality Gates
- Concept of quality gates and their role in audit excellence
- Identifying critical checkpoints in the audit lifecycle
- Ensuring conformance with Standard 12.3 (Improving Engagement Performance)
- Utilizing KPIs and Quality Gates for Continuous Improvement
- Data-driven performance reviews to identify gaps and areas of improvement
- Implementing feedback loops for process refinement
- Embedding continuous improvement into the audit process
- Integration of KPIs and Quality Gates into Audit Planning
- Incorporating KPIs into strategic audit planning per Standard 9.4 (Internal Audit Plan)
- Aligning quality gates with audit methodology and risk assessments
- Creating flexible yet high-standard audit frameworks
- Reporting and Communication of KPI Results
- Effectively communicating KPI findings to stakeholders as per Standard 11.3(Communicating Results)
- Visualizing audit performance metrics for better decision-making
- Demonstrating audit value through measurable outcomes
- Best Practices in Audit Quality Management
- Case studies: successful audit quality frameworks aligned with IIA Global Standards
- Future-proofing your audit quality management strategy with insights from the latest trends
- Aligning with Standards 8.3 and 12.1 for ongoing quality assessments
Training Team
Audit-Championship is a university spin-off. We focus on networking between science and practice. Audit-Championship provides thought leadership and innovative methods to support its customers across all industries in digital transformation. We support audit departments globally as well as national Internal Audit associations with yearly 2.900+ training days and transformation services along an internal audit knowledge value chain.
Inhouse Training on demand
Conditions and Price
Get in touch with us, we look forward to developing a great training event and didactical concept for you and your internal audit team.
Didactics | Methodology
We train you and your team on-site, or we can train you online worldwide in the form of a Virtual Training Series: Interactive lecture, discussion, practical example, case studies, reflection.
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