2.0 CPE In this course we focus on the issuance of Internal Audit Reports with clear, concise, correct information, and learning efficient methods to provide audit report users with facts and insights regarding the auditable areas. We also recommend appropriate resolutions to the audit findings raised aligned with actual cases and scenarios. Finally, we ensure that internal audit report includes the most important findings.
Learning Objectives
- Explore the internal audit report structure.
- Explore the required action before, during, after the report issuance.
- Identify audit finding components.
- Discover how to draft appropriate recommendations to audit findings.
- Recognize how to include most of audit findings related to your audit.
Last updated/reviewed: August 28, 2023
3 Reviews (20 ratings)
Reviews
Anonymous
(Internal Audit manager)
The subject is detailed and touch the core of internal audit, the material and information is well organised, examples is a perfect add value. I will use this good material for internal audit department training.
Anonymous
(Auditor)
This training provided helpful tips and information on what is needed for an audit report. The tips on how to accurately draft the criteria, condition, root cause, impact and recommendation was helpful.
Anonymous
(Controller)
This course provided an organized overview of internal audit reports. While most content was understandable. I recommend a revision to clarify transition phrases and test questions.
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA
95113
Contact:
For more information regarding this course, including complaint and
cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to
.
Course Questions and Answers(2 Questions)
Mohamed AbdelgelilRisk and Control. Senior Manager
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Hello, would you please confirm the correct answer to this question?
"Which of the following is true regarding the sequencing of the internal audit report to other stages of internal audit?"
Thank you
Hello Helen,
Thank you for your question, below is a response for your question
The Internal Audit Report is the third stage out of 4 stages of internal audit process, the stages are as follows:
1. Planning for the Internal Audit, usually at this stage the auditors must prepare the risk assessment as well as the audit work program.
2. Executing the Internal Audit Process by implementing the audit work program, usually at this stage the auditors should select the representatives sample for testing and draw their conclusion about the audit result
3. Reporting the exceptions noted based on the work done on the 2nd stage (executing the internal audit) such as control weakness, key risk areas, or opportunity for improvements in internal audit report using the 5 elements in Internal Audit Finding(observation)
4. Internal Audit Follow-up to ensure that the recommendations included in the report are implemented as intended.
In this course we explained the 3rd phase which is Internal Audit Reporting.
if you have any more questions please do not hesitate to send it.
Thanks,