2011 Quality Assurance Report
The overview and opinion from the 2011 report.
"As required by the Institute of Internal Auditors' International Standards for the Professional Practice of Internal Auditing (IIA Standards), an external quality assurance review was conducted of the internal audit activity at the College of William and Mary and Richard Bland College (W&M). The primary intent of the review was to provide reasonable and objective assurance that the internal audit work being performed at W&M meets the requirements of the IIA Standards. A secondary objective was to identify whether or not there are opportunities that would enhance the economy and efficiency of the audit process and improve the value of what the internal auditing activity contributes to W&M."
"Based on the work outlined above, it is the opinion of the reviewer that the internal audit activity at the College of William and Mary and Richard Bland College fully complies with the IIA International Standards for the Professional Practice of Internal Auditing. This opinion, representing the best possible evaluation, means that there are in place relevant structures, policies, and procedures, including the processes by which they are applied, that comply with the IIA Standards in all material respects."