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Internal Audit Report Writing

Internal Audit Report Writing
Internal Audit Report  Writing
Internal Audit Report  Writing

The success of an audit project is usually measured by its primary output: the internal audit report. Hence, it is essential that the report is easy to read, compelling and authoritative. If the report influences a reader to think differently or take action, it has met its purpose.  This programme will help internal auditors learn what goes into an effective audit observation and how to organise reports that meet professional standards, elicit management action, and communicate crucial messages to auditee, senior and executive management and board-level readers. Participants will learn to produce reports that have impact and add value to the decision making within their organisation.

Internal Audit Report Writing

The success of an audit project is usually measured by its primary output: the internal audit report. Hence, it is essential that the report is easy to read, compelling and authoritative. If the report influences a reader to think differently or take action, it has met its purpose.  This programme will help internal auditors learn what goes into an effective audit observation and how to organise reports that meet professional standards, elicit management action, and communicate crucial messages to auditee, senior and executive management and board-level readers. Participants will learn to produce reports that have impact and add value to the decision making within their organisation.

Internal Audit Report Writing

Using practical examples, exercises and quick quizzes to ensure participant’s understand the underlying theories and to enable them to imbed them in their daily work. Participants will also gain confidence in engaging management with fruitful discussions on internal audit, internal control and other relevant topics which will reflect positively on the professionalism of your internal audit function.

Internal Audit Report Writing

This course is valuable for internal auditors who are involved or are responsible for preparation, review and approval of internal audit reports before issuance. Senior internal audit professionals will stand to benefit from the course as a refresher in terms of knowledge and skills for writing an effective internal audit report.  The course is equally beneficial to internal audit juniors and professionals who are preparing to assume such responsibilities.

By the end of this course, participants will be able to:

  • Understand what makes an effective internal audit report
  • Understand the report writing process from planning  to delivery of  a final audit report 
  • Identify and effectively articulate observation, associated risk(s), root cause and other internal audit report components 
  • Be more influential when writing an internal audit report
  • Manage relationship with auditee and ensuring acceptance of your draft and final report
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Course structure

Recap

  • Role of internal auditor
  • Risk Based Internal Audit cycle
  • The ORCA principal

Overview

  • Different kind of reports in the space of internal audit 
  • IIA and Internal Audit Reporting 
  • Purpose of the report

The journey to an effective internal audit report writing

  • When do you start 
  • Knowing your audience 
  • Prepping your audience
  • Ensuing auditee acceptance and buy in
  • Building up to your draft internal audit report 
     

Key elements of draft internal audit reports

  • The Executive Summary and its importance
  • Importance of re-communication of scope and coverage
  • Detailed observations
    • Observation
    • Risk
    • Root Cause
    • Recommendation
  • Scope limitation
  • Delivering on Internal Audit’s number one promise to management

The Final report

  • Sharing the audit report with management
  • Obtaining management comments
  • Report finalization 
  • Preparation of periodic reports 
  • Other audit reports

Reporting techniques

  • General report writing 
  • How to be concise, clear and objective
  • Do’s and don’ts of report preparation

Tools and Techniques 

  • Root cause analysis
  • SIPOC
  • Fishbone
  • The 5 Whys and the W

Exercise

  • Drafting the report
    • Executive Summary
    • Observations
    • Scope limitation

Schedule
Schedule

There are no scheduled dates for this course. Fill out the form to check future dates or deliver the course in-house

Trainers
Frequently asked questions

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