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#607670 - 08/31/06 02:41 PM
Has anyone been through a QAR yet?
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With the deadline fast approaching I was just wondering if any IA shops have been through their QAR? I'm looking into costs and I was wondering if you could share the size of your bank, IA department, and approximate cost of your review. Thanks! 
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#607671 - 08/31/06 05:51 PM
Re: Has anyone been through a QAR yet?
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Midwest
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#607672 - 08/31/06 06:40 PM
Re: Has anyone been through a QAR yet?
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Quality Assessment Review
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#607673 - 09/25/06 01:21 PM
Re: Has anyone been through a QAR yet?
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Audit Guy:
Any further news on the topic? I just moved to this bank as a part of the audit dept start-up so we aren't subject to the deadline this year. However, I want to get some numbers in the budget for next year.
I was interested in what you were going to have them do as well. We currently have our external accounting firm reviewing some items (due to the newness of our shop) but I am not sure what to include for the QAR.
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#607674 - 09/25/06 07:17 PM
Re: Has anyone been through a QAR yet?
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No nothing new - price wise anyway.
However, our Audit Committee decided that I should do an External Assessment Self-Assessment with Independent Validation (1312-2). I'm going to buy the quality assessment manual from the IIA ($150) and then try and find an independent validator...if I get some prices I'll post the ballpark ranges here. I still am curious though as to how much a full blown QAR would cost so I might still call around and get an idea.
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#607676 - 09/26/06 02:55 PM
Re: Has anyone been through a QAR yet?
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Wow that does seem expensive. Makes me think I should have taken the $500 IIA seminar on how to perform the independent review. Looks like I could have made my money back in no time 
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#607677 - 09/26/06 06:08 PM
Re: Has anyone been through a QAR yet?
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I'm in the same boat as Cornfed Turtle (wow...you dont say that every day). I started this audit shop in March 2005...so I've got a little time.
I've heard of some local auditors swapping...I'll review yours if you review mine. I havent got into too much detail with them yet. The one guy who was reviewing for a collegue had completed the IIA's course.
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#607679 - 09/26/06 06:10 PM
Re: Has anyone been through a QAR yet?
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Looks llike we posted simultaneously - - - - great minds thinking alike!
Are you guys headed to the Financial Services Conference next year in Orlando?
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#607680 - 09/26/06 06:17 PM
Re: Has anyone been through a QAR yet?
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I'd like to...but it's probably not going to happen. I'm considering taking on my masters...yes, I'm certifiably crazy...and sitting for the CIA next fall. That will probably take up all my continuing ed $$.
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#607681 - 09/26/06 07:09 PM
Re: Has anyone been through a QAR yet?
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I'll probably be going to Orlando next year. I went to Boston this year and found the conference quite helpful. JLJ - you sitting this November? I have one more part to complete, Part III and I will officially be a CIA 
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#607682 - 09/26/06 07:15 PM
Re: Has anyone been through a QAR yet?
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Glad to hear that. I REALLY wanted to go to Boston but it wasn't in the cards. There is no brochure published for Orlando even though they are already selling tickets.
The audit committee has approved the trip for me - - - I am hopeful for a chance at the CFSA section of the exam while there. Otherwise, I will have to take it in a less pleasant setting.
Any suggestions on study materials for the rest of the CIA exam?
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#607683 - 09/26/06 07:21 PM
Re: Has anyone been through a QAR yet?
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Are you sure there is no Orlando brochure yet? I could have sworn they sent on to me in the mail (or maybe it was Vegas - I can't remember)  I used the Gleim books to study. They are pretty comprehensive - I sat for all four parts the first time around and passed I, II, and IV using the books. The one thing I don't like about them is they have questions from the CIA, CPA, CMA, etc (which is great) but the "publisher" questions that they ask are ridiculously simple to answer. But other than that I highly suggest the Gleim books.
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#607684 - 09/26/06 08:46 PM
Re: Has anyone been through a QAR yet?
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I'm thinking about sitting for it in 07. This was just my second year here at this bank and I didn't think I needed the additional stress of trying to pass the test.
I don't know what's possessed me...I never worried about my masters before. Now I'm seriously considering it.
I just got back from the IIA's Risk and Control Conference in Palm Beach. It was great. I know I'd really benefit from Orlando, but just dont see getting it approved.
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#607686 - 10/06/06 05:54 PM
Re: Has anyone been through a QAR yet?
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The real question becomes - why bother?
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