IIA-Australia White Paper - Good Practice Internal Audit Reports

IIA-Australia White Paper - Good Practice Internal Audit Reports

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Author

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

Date

 2023

Topics Explored

Internal Audit

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.

Relevant Industries

All

Level of Assumed Knowledge

Intermediate