Factsheet - Getting Audit Actions Implemented

Factsheet

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Author

IIA-Australia

Date

2025

Topics Explored

Internal Audit, Internal Audit Management

Format

Factsheet

Extract/Description

Every time an audit, review or evaluation is commissioned in an organisation there are typically improvement actions to be implemented by management. An internal audit role is often to monitor and track these to make sure they are properly implemented in a timely way. Without this internal audit role, the cost and effort involved in audits, reviews and evaluations is potentially wasted.

Key Points

1. Audit actions should be structured and contain key information.

2. Internal audit should educate management in providing responses in the correct form.

3. If the tracking system is intuitive and easy to use, people will be more amenable to using it.

4. There should be a formal process for management to request close-out of audit actions and this should include documented evidence supporting close-out.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate

Aligned to Global Internal Audit Standards

Yes