Higher education is one of the most dynamic and fastest-growing segments of post-secondary education at the turn of the 21^st century. It has become indispensable in the context of the present demands of education on account of global competition. The recent worldwide expansion of higher education and increase of the enrolment number, educational emergence of diverse educational providers, provides the need for the development of appropriate internal and external quality assurance mechanisms for different types of Higher Education providers. Academic and administrative audit is a system to control and maintain high standards as it is a continuous process of self-introspection for the better growth of these institutions. Yet continuous improvement is observed as lacking in many HEIs. The implementation of the internal quality assurance mechanism following the new standards required a drastic shift of management philosophy and transformative leadership as it assumes a wide range of reforms and transformations. The Internal Quality Assurance System of Higher Education is aimed at continuous improvement of quality and achieving academic excellence. Through this system, the institution must adopt the participatory approach in managing its academic provisions and help in using to improve the outcomes of the institution. The approach to quality enhancement will involve an institutional assessment of the strengths and weaknesses of academic practice and the identification of potential areas for improvement. It may also reflect the mission and strategic priorities of the institution.