Gap Assessment
The Global Internal Audit Standards™ take effect on January 9, 2025. IIA Quality Services’ team of expert internal audit professionals is best positioned to offer Gap Assessments to support organizations in implementing these standards.
A Gap Assessment by IIA Quality Services is designed to identify any gaps between your current practices and the new Standards and provide a detailed plan for successful implementation. By partnering with IIA Quality Services, you can gain valuable insights that will help you align with the Standards and strengthen your internal audit function.
Gap Assessments are also popular with new chief audit executives (CAEs) and internal audit functions unsure about their current conformance state.
Upon conclusion of a Gap Assessment, IIA Quality Services provides conformance guidance for remediation of gaps as well as enhancement opportunities for the internal audit function.
FAQs
-
A Gap Assessment (also commonly referred to as a “Readiness Assessment”) is not itself a “Quality Assessment,” but rather a consultative service designed to provide conformance guidance where an organization’s internal audit function has gaps in its conformance to the Global Internal Audit Standards™.
A Gap Assessment focuses on an internal audit function’s current level of conformance with the Standards, and then offers recommendations for gaining compliance with the Standards. As required by an External Quality Assessment or a Self-Assessment with Independent Validation, a Gap Assessment does not provide an opinion on the level of conformance. However, a Gap Assessment does meet the requirement for a periodic internal audit assessment under Standard 12.1.
-
The Gap Assessment service offering is often helpful to newly hired CAEs and those internal audit activities preparing to begin efforts to conform to the Standards.