IIA-Australia Factsheet - Getting Audit Actions Implemented

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Author	IIA-Australia
Date	2022
Topics Explored	Internal Audit
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	Audit actions should be structured and contain key information. Internal audit should educate management in providing responses in the correct form. If the tracking system is intuitive and easy to use, people will be more amenable to using it. 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