Question

An IS audit department has completed several engagements over the past year. Management wants to establish a quality assurance and improvement program (QAIP) to ensure the audit function conforms to professional standards and continuously improves. Which of the following would BEST provide independent assurance about the overall quality of the audit function?

Accepted Answer

Conducting a periodic external assessment performed by a qualified, independent reviewer from outside the organization

Answer

Requiring each auditor to review their own workpapers before issuing the final report

Answer

Increasing the frequency of status meetings between auditors and the audit manager during fieldwork

Answer

Tracking the number of findings raised per engagement as a productivity metric