The document discusses quality assurance and improvement programs (QAIP) for internal audit activities (IAA). It states that the chief audit executive must develop and maintain a QAIP to ensure the IAA conforms with standards, adds value, and identifies opportunities for improvement. A QAIP includes ongoing monitoring, periodic self-assessments, and external assessments of the IAA's conformance, efficiency, effectiveness and opportunities for improvement. It should conclude with recommendations to improve IAA quality. The document also outlines the Plan-Do-Check-Act model for quality management.