Audit & Other Assingment

A departmental template for written reports, guidance and training should be in place for audit assignment reporting. This template generally includes an opinion and overview section (to meet the needs of senior management) and an issues section (to meet the needs of local management) including the issue detail, the risk and agreed actions with dates and responsibility

Balanced overview

A balanced overview should initially be communicated to local management in order to provide a complete picture of the results of the audit and of the positive as well as the negative material findings

A balanced overview in the written report enables senior management and the audit committee to quickly understand why you’ve reached your opinion. It should be in context and include the key risks, key effective controls and key weaknesses identified

Audit findings

Audit findings should first be communicated in a face-to-face meeting if possible to:

  • ensure there are no surprises:
  • clarify the facts;
  • avoid misunderstandings;
  • influence management that action is required to address the unacceptable risks that exist; and
  • discuss and agree those actions.

Contact with the manager about the purpose of this meeting. In the report, your findings should be grouped into key issues which concisely state:

  • what you have found; and
  • what your evidence is and therefore the risk.