IIA-Australia Factsheet - Internal Audit Dashboard Reporting 

IIA-Australia Factsheet - Internal Audit Dashboard Reporting 

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Author

IIA-Australia

Date

2023

Topics Explored

Internal Audit

Format

Factsheet

Extract/Description

Here we outline a strategy that can be used to address some of the potential challenges of traditional reporting of outstanding recommendations or management actions.

Key Points

  1. Addressing an internal audit observation is a project designed to achieve a business objective.
  2. The project structure of remedial action can be used to improve internal audit reporting.
  3. When management is requested to provide an update for reporting purposes, they enter how much progress has been made in relation to each stage of the project.
  4. An audit status dashboard could aggregate the observations to inform the audit committee of internal audit actions.

Relevant Industries

All

Level of Assumed Knowledge

Expert