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5 Minutes: QAR from the Key Stakeholders Viewpoint: Turnover

  • Broadcast in Finance



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Learn more valuable information from Compliance Expert, Sonia Luna, on the necessity, cost savings and advantages of a Quality Assessment Review (QAR): Register for Sonia's upcoming webinar by submitting your question HERE.

In THIS audio, Sonia shares 5 minutes on the QAR, from the Key Stakeholder's Perspective.

A huge win of a QAR from the stakeholders' perspective is the interview with department members and the overview of how they fit into the team and into the larger corporation as a whole.  The nature of audit departments almost always involves high turnover. That can be a win for the corporation IF the Chief Audit Executive works to breed a culture where they create the BEST jobs possible – so when someone transitions to a different department, the company benefits with the best employees possible – and eliminates hiring fees to outside agencies. 

Also, by creating a better audit performance, employees become much more familiar with the highest expectations and work toward the highest goals possible.  

It also identifies strengths and improvement opportunities that strategically position the internal audit function for ongoing success.

Aviva Spectrum is the premier provider of Internal Audit, SOX compliance, and Risk Management Services in the West Coast. Our goal in creating long-term, strategic partnerships with our clients is to establish efficient internal controls systems simply and effectively that in turn build core strength and efficiency in your corporate structure.