At ONFANO, we help internal audit functions demonstrate excellence through achievement of its purpose and alignment with the Institute of Internal Auditors’ (IIA) International Professional Practices Framework (IPPF) and other best practices.

According to the Global Internal Audit Standards an External Quality Assessment (EQA) is required at least every five years. We provide a rigorous, independent review conducted by experienced professionals who understand both international frameworks and local regulatory expectations.

What an EQA Assesses?
Our EQA services provide a holistic evaluation of your internal audit function, including:

1.Conformance with the Global Internal Audit Standards:
We assess:

• Mandate,
• Charter,
• Strategy,
• Methodologies,
• Processes,
• Risk assessment, and internal audit plan
• Compliance with applicable laws and/or regulations.

2.Performance criteria and measures as well as assessment results:
We assess:

• Competencies and due professional care, including the sufficient use of tools and techniques, and focus on continual development.
• Qualifications and competencies, including those of the chief audit executive role.

3.Integration into the organization’s governance processes:
We assess:

• Contribution to the organization’s governance, risk management, and control processes.
• Contribution to the improvement of the organization’s operations and ability to attain its objectives.
• Ability to meet expectations articulated by the board, senior management, and stakeholders.

Why an EQA Matters?

• Provides Assurance & Credibility: We offer objective proof that internal audit is operating effectively and ethically, meeting stakeholder expectations.
• Ensures Standards Conformance: We verify compliance with The Institute of Internal Auditors' (IIA) International Professional Practices Framework (IPPF) and Global Standards.
• Drives Continuous Improvement: We identify gaps, inefficiencies, and opportunities to enhance audit methodologies, processes, and service delivery.
• Validates Skills & Strategy: We assess if the audit team has the right skills, expertise, and strategic focus to meet the organization's evolving needs.
• Enhances Stakeholder Confidence: We build trust with management, the audit committee, and the board by showing a commitment to quality and effectiveness.
• Offers Objective Feedback: We provide insights into the function's perception and reputation across the organization through stakeholder surveys and interviews.
• Supports Strategic Alignment: We ensure internal audit activities are relevant to the organization's strategic objectives, risks, and plans.

Two Recognised EQA Methods
ONFANO delivers both IIA compliant approaches:
✔ Full External Assessment
A complete, independent evaluation performed exclusively by our experts.
✔ Self-Assessment With Independent Validation (SAIV)
You conduct a self-assessment, and we perform an objective validation, giving your board, senior management and other stakeholders confidence.

Why Choose ONFANO?

• Independent, objective, and highly qualified assessors: We offer deep expertise in Internal Audit, Governance, Risk Management and Control areas based on qualifications and huge relevant experience of our experts.
• Balanced, practical insights: We offer practical solutions rather than infeasible theory. 
• Action-oriented guidance: We are focused on raising your audit function’s performance rather than merely compliance with the Standards.
• Additional services free of charge: We provide you with the methodology on the Internal Quality Assessments and perform Follow-up review on implementation of the action points and progress against deliverables.

Whether you're preparing for your first EQA or looking to elevate an already strong internal audit function, ONFANO helps you demonstrate real quality and strengthen the value you bring to your organisation.