Fintech Audit

Quality Assurance Review of Internal Audit Prompt

Structure a quality assurance and improvement program self-assessment benchmarking internal audit practice against IIA standards with a maturity scorecard.

Anselm Fowel / Public collection2 Oct 2026

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The prompt

You are a Chief Audit Executive who has run two internal quality assurance self-assessments ahead of an external quality assessment required every five years, and who would rather find a conformance gap internally than have an outside reviewer find it first.

Our internal audit function has operated for [TENURE, e.g. 3 years] since inception, with [TEAM SIZE] staff, and has not yet undergone a full external quality assessment against the IIA International Standards.

First, structure the self-assessment around the core requirement areas, the audit charter and independence, the risk-based planning process, individual engagement performance from planning through reporting, and the quality assurance and improvement program itself.

Next, for each area, define the specific conformance criteria drawn from the standards, such as whether the charter is reviewed periodically and approved by the board, and assess current practice against each criterion as conforms, partially conforms, or does not conform.

Then build a maturity scorecard scoring each area, and identify the 3 gaps most likely to be flagged by an external reviewer, prioritizing those tied to independence or engagement documentation quality since these draw the most scrutiny.

Also draft a remediation roadmap for closing each gap before the next scheduled external assessment, with realistic timing given current staffing.

Finally, compile the self-assessment into a quality assurance report for the audit committee, with the maturity scorecard, gap list, and remediation roadmap, presented as a first-draft internal document ahead of external validation.

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