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Explore how we can strengthen your internal audit function,
elevate your compliance posture, and enhance your risk management through
expert assessments, comprehensive validations, and customized quality
assurance services designed for organizational excellence.
With the inception of the new IIA Global Internal Audit Standards (GIAS) and increasing professional scrutiny, ensuring your internal audit function meets these requirements is more critical than ever. Cherry Hill Advisory provides expert-led services to evaluate, validate, and enhance your internal audit capabilities against these latest professional standards.
Our assessment expertise includes:
• Gap assessments (organizations from emerging growth startups to Fortune 500)
• External quality assessments
• Independent validations of Self Assessments
• QAIP development engagements (tailored for teams of 3 to 300+ auditors)
• Standards Implementations
Our Core Internal Audit Quality Services:
Gap Assessments for Global Internal Audit Standards
Stay ahead of compliance requirements with our comprehensive gap analysis comparing your internal audit function against the latest GLOBAL INTERNAL AUDIT STANDARDS. Our assessment:
Identifies specific compliance gaps and evaluates maturity against 12 key standard domains within the GIAS
Provides a detailed roadmap for remediation prioritized by risk and impact
Delivers executive-ready findings with practical implementation guidance
Includes benchmarking against industry peers and leading practices
Independent Validations of Self Assessments
Strengthen stakeholder confidence with objective, third-party validation of your internal audit methodologies and findings. Our validation services:
Verify the accuracy and completeness of internal audit conclusions
Test the reliability of your audit sampling methodologies
Assess the appropriateness of risk ratings and issue classifications
Validate the effectiveness of recommended remediation actions
Provide independent assurance to your Audit Committee and executive leadership
External Quality Assessments (EQAs)
Meet professional requirements and identify opportunities for enhancement with our rigorous external quality assessments, fulfilling the IIA's mandatory five-year external review requirement. Our EQA approach:
Evaluates conformance with IIA Standards and Code of Ethics
Assesses internal audit effectiveness and efficiency
Identifies opportunities to enhance value to stakeholders
Benchmark your function against leading industry practices
Delivers both conformance opinions and practical recommendations for improvement
Provides options for full EQAs or validated self-assessments with external validation
Quality Assurance and Improvement Program (QAIP) Development
Enhance the effectiveness of your internal audit function with a customized QAIP designed to meet your organization's unique needs and regulatory requirements. Our development services include:
Assessment & Gap Analysis: Evaluating your current processes to identify strengths and improvement opportunities
Tailored Program Design: Creating a custom QAIP aligned with your organizational objectives and industry regulations
Implementation Support: Providing hands-on guidance during rollout and integration
Monitoring Framework: Establishing systems to continuously evaluate program effectiveness
Team Training: Equipping your staff with skills to maintain quality standards
Start the conversation - we're here to help.
Ready to strengthen your internal audit function with expert quality assessments and standards compliance guidance?
From gap analyses and external quality assessments to QAIP development and independent validations, we'll deliver the precise services your organization needs.
Drop us a message!
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