In the complex environment in which we operate today, Internal Audit functions are facing increasing demands from senior management to add value, and greater regulatory scrutiny on assurance activities they perform. Making sure that the audits performed are of a high quality is key to ensuring that the function remains relevant to the needs of the business. This requires IA functions or an independent party in taking this role to proactively assess the adequacy and quality of their audit work, as well as the conclusions drawn.