Quality assurance and improvement program $($Standard $1300)$

q Constant, ongoing process

q Considers whether internal audit carried out its responsibilities appropriately

q $\_\_\_\_\_\_\_\_\_\_\_$ has responsibility

q Standard $1310$ requires two types of assessments

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ reviews are typically through board review

$\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$ reviews must occur at least every $\_\_\_\_\_\_\_\_\_\_\_$years

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Performance Standards

The Performance Standards, which describe the $\_\_\_\_\_\_\_\_\_\_\_\_$ of internal audit services and the criteria against which the performance of these services can be assessed, are divided into seven main sections:

$2000$ Managing the Internal Audit Activity

$2100$ Nature of Work

$2200$ Engagement Planning

$2300$ Performing the Engagement

$2400$ Communicating Results

$2500$ Monitoring Progress

$2600$ Communicating the Acceptance of Risks

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The Performance Standards that specifically pertain to the three phases of an internal audit engagement are as follows:

a$.$ Engagement $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$2201$: Planning Considerations