Need an external quality assessment – why not a self-assessment with independent validation?
A self-assessment with independent validation (#SAIV) is one form of external assessment (#EQA) that involves part of the work being undertaken by the internal audit function. Typically, the internal audit function will assess its own efficiency, effectiveness, and conformance with standards and an independent assessor will then validate this. The SAIV approach was originally developed for smaller internal audit functions for whom a full external assessment may be cost-prohib