White Paper - Good Practice Internal Audit Reports

Whitepaper

This is a members only resource.

Author

Andrew Cox

MBA, MEC, GradDipSc, GradCertPA, DipBusAdmin, DipPubAdmin, AssDipAcctg, CertSQM, PFIIA, CIA, CISA, CFE, CGAP, CSQA, MACS Snr, MRMIA

Date

2023

Topics Explored

Internal Audit, Internal Audit Management

Format

White Paper

Extract/Description

The people who receive internal audit services (audit clients) are seeking internal audit reports that are easy to read, ‘tell a story’, and get to the point.
Management values internal audit reports that provide a conclusion or opinion on the activity audited.

Key Points

1. Make reports easy to read.
2. Answer questions before they are asked.
3. Move on from compliance – provide deeper analysis of causes and effects.
4. Provide a clear conclusion for each engagement objective.
5. Relate report ratings to the organisation’s risk management framework.