White Paper -Annual Report on Internal Audit

Whitepaper

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Author

Bruce Turner AM

CRMA, CGAP, CISA, CFE, PFIIA, FFin, FFA, FIPA, FIML, MAICD, JP

Date

2023

Topics Explored

Internal Audit, Internal Audit Management

Format

White Paper

Extract/Description

This White Paper outlines the common features of a formal annual report on internal audit that showcases the contribution and achievements of internal audit over the past year, demonstrates its value, and delivers consolidated insights to the audit committee.

Key Points

1. The audience of the annual report on internal audit includes the audit committee, chief executive, and senior management.
2. An annual report on internal audit draws the ‘whole story’ together for stakeholders.
3. An annual report helps to enhance the internal audit value-adds.