NYC Skyline BW

The Art of Internal Audit Report Writing

Offered weekly on Thursday-Fridays in two four hour CPE events

Audit Reports can significantly loose their effectiveness if not written professionally with a focused purpose.

Communication for the auditor is a fine art and once perfected can take on more importance than the audit itself. One of the primary responsibilities of the internal audit function is to communicate the need for the audited area to change, based upon an assessment of risk and controls.

Persuasive communication is an essential skill for all auditors. Each internal audit activity carries with it the need to objectively communicate and operate within the elements of change. The auditor's communication skills start with an understanding of the objectives of the audit stakeholders. The auditor must use both oral and written communications to move the organization to more effectively manage all relevant risks.

Auditors will come out of this training with better oral and written communication skills. The presentation covers all types and levels of internal audit reporting. By participating in this course, auditors in all sectors and at all levels will learn the components of communicating an effective audit finding. You will learn how to organize reports that meet professional standards, elicit management action, and communicate crucial, strategic messages to executives and board-level readers.

Our instructors have written and critiqued hundreds of audit and business reports. In this highly interactive CPE seminar, you will learn how to eliminate the administrative burden of writing reports and produce reports that are easy to write, easy to read, and easy to understand.

This timely, one-day CPE seminar is designed for internal auditors and others with a need to create effective business and audit reports.

The cost of this internal audit training seminar is $495.00 for the first attendee from a single organization.

Each attendee will receive 8 CPE Hours (YB). A certificate of completion will be provided.

Program Level of Understanding: Basic
Prerequisites: None
Advance Preparation: None
Delivery Format: Group Internet Based
NASBA Field(s) of Study: Auditing
CPE Credits: 8, based on 50 minutes of instruction per hour

CPE Event Highlights

The seminar reviews and answers the following questions:

  • Audit communications defined

  • Best Practices in creating within the audit process

  • What to include and not include in audit communications

  • Essential sections of each type of audit communications

  • How to properly document credibility determinations

  • Principles of clear and concise report writing

  • How to sift through the relevant audit evidence

 

Learning Objectives

Attendees will:

  • Understand how to organize audit reports

  • See how to write with greater clarity

  • Learn how to present complex information simply for readers to comprehend

  • Understand the importance of the purpose of the report before they begin writing

  • Recognize the needs of their audience

  • Learn how to use illustrations

  • Produce final drafts to make the "write" impression with their superiors

 

Key Issues on the Agenda


Introductions

Section 1 - Introduction and Overview

  • Top Challenges with Audits and Reports

  • Magnificent Seven of Audit Reporting

  • Auditor Skills: People, Time Management and Demeanor - What is a "Report"?

  • Auditor Guidance from the "Standards"


Section 2 - Effective Audit Communications

  • Feelings

  • The dilemma

  • Audit communication skills - planning - conducting - concluding

  • Know the audience

  • Organize content for the human

  • Audience adaptation

  • Situation - Problem - Implication - Needs to be done


Section 3 - Components of the Audit Report

  • The Audit Life Cycle

  • Procedure - Evidence - Reporting

  • Contents

  • Executive Needs

  • Auditor Needs

  • Audit Findings

  • Audit Recommendations


Section 4 - High-Level Focus: Executive Summary

  • Big Issues - Accomplishments - What Needs to be Done - Auditor Summary - Who - What - When - Where - Why

  • Scope

  • Opinions?


Section 5 - The Hard Facts: Audit Findings

  • Testing Controls

  • Feasible?

  • Risk Ranked Findings

  • Effective Audit Findings


Section 6 - Recommendations and Corrective Action

  • IIA Standard 2410

  • S.M.A.R.T. Recommendations

  • Best Practices


Section 7 - Audit Opinions and Risk Factors

  • Big Impact!!

  • Audit Rating, Score or Grade

  • Rating with the "Internal Control Maturity Model


Section 8 - Audit Report Formatting

  • Type Faces and Sizes

  • Text Justification

  • Formats for "Findings" Sections

  • Specialized Reporting


Section 9 - Optimizing the Audit Reporting

  • Visual Presentation

  • Structure, Content and Organization

  • Transitions, Flow and Coherence

  • Sentences and Paragraphs

  • Tone

  • Conciseness and "Word Economy"

  • Proof Reading and Peer-Reviews

  • Format


Section 10 - Summary and Wrap-Up