European Institute of Management and Finance | Internal Audit Report Writing
50084
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Internal Audit Report Writing

Internal Audit Report Writing

 

Internal Audit Reports are the most important communication tool of all Internal Auditors and these are addressed to all levels of Senior Management and the Board of Directors. The Internal Audit Reports represent the end result of weeks of reviews, analyses, interviews and discussions. How well you communicate that information is critical to getting the results you are seeking.

 

A well-written Audit Report can enhance the credibility of both you and the Internal Audit function, whereas a badly-written report can have the opposite effect. Internal Audit Reports demonstrate the value of your work as they provide information on the areas you have reviewed and that need to be addressed.

 

 

Training Objectives

 

The programme participants will have the opportunity to:

  • Gain a good understanding of how to elaborate Internal Audit Reports that conform with the International Standards for the Professional Practice of Internal Auditing
  • Learn how to organize and present their audit findings by sending all the important messages in a way that is generally accepted and that will cause action from Senior Management and BOD members, especially in putting corrective action plans into place
  • Understand how to organize audit reports and how to write with greater clarity
  • Consider how to present complex information simply for readers to comprehend and how to recognize the needs of their audience

 

Furthermore, through participation in highly interactive and practical Case Studies, participants will attain an understanding of how a typical audit report or an executive summary is structured in order to add value to their “internal and external clients”, remaining clear and objective in the way they are written, and avoiding common mistakes.

 

 

Training Outline

 

  • The International Standards for the Internal Audit Reports
  • The objective of the Internal Audit Reports
  • Criteria for a good Internal Audit Report
  • Main problems when drawing up the Internal Audit Reports
  • 7 important characteristics of the Internal Audit Reports
  • Factors of audit findings
  • Minimum contents of Internal Audit Reports
  • Basic rules of Reporting
  • Analysis of Internal Audit Reports
  • Auditor’s Recommendations
  • Techniques for designing Internal Audit Reports
  • Best practices for Internal Audit Reports
  • Best ways for presenting audit findings and recommendations
  • The process of communicating the draft report to the necessary parties and obtaining their responses, audit report approval process, and distribution of the final report.
  • Steps for Internal Auditor’s success
  • Case Studies
  • Analysis of real Reports of various types
  • Analysis of practical examples – real cases

 

 

Training Style

 

The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations.

 

Participants will also benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred to their workplace. Most of the training’s time will be invested in analysing a real-life case study that will help participants understand how to create class reports that add value and motivates readers to take corrective actions.

 

 

Who Should Attend

 

  • All officers and staff working in Internal Audit Units at all levels (inspectors, internal auditors)
  • Officers working in Compliance Units
  • External auditors
  • Audit Committee members