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The Institute of Internal Auditors (IIA) Standards require a periodic external assessment of internal audit activity to appraise the quality of the operations. A Strategic Assessment looks at internal audit's ability to help an organization achieve business objectives and strategies. It considers the group's talent, use of technology and focus relating to financial and operational auditing, control and compliance, forensic auditing and technology controls. This assessment often helps promote the image and credibility of the internal audit function.
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