High-Impact Audit Reporting

Focus & Features

Internal audit's perspective can provide valuable insight and have a strong impact on an organization. However, in order to provide that valuable insight, persuasive communication skills are essential for auditors at all levels. High-quality audit reporting is a key communication tool that assists management in understanding audit discoveries and results.

The High-Impact Audit Reporting course focuses on the importance of delivering clear, transparent, and objective audit reports. At the conclusion of this course, you will have gained effective communication skills and techniques that will enable you to convey critical information, and write effective and meaningful audit reports, using a variety of delivery methods. In addition, you will participate in various group activities and discussions that will reinforce key audit reporting concepts.

Course Objectives

• Discuss the importance of delivering results that utilize business acumen disciplines.
• Explain how audit results impact an organization's business objectives and operating processes.
• Recognize the importance of critical thinking when developing and communicating audit results.
• Recognize the communication needs of audit report readers and writers.
• Review the components of the audit report.
• Explore various reporting methods and formats.

What You Will Learn

The Purpose of Audit Reporting

• Audit reporting guidance.
• Purpose of audit reporting.
• Audiences for audit results.
• Audit reporting limitations.

Audit Reporting Tasks

• An overview of the audit reporting process.
• The tasks associated with the audit reporting process, including:

o Writing the first draft of the audit report.

o Obtaining observation vetting and supervisory review.

o Socializing the report with the audit client.

o Incorporating management's response and action plans.

o Finalizing the audit report.

Audit Reporting Structure

• Audit reporting elements.
• Communication of audit results.
• Other reporting considerations.

Communicating Audit Results

• Methods to develop and present audit results.
• Developing an interim report or memo.
• Audit reporting formats.
• Comparisons of audit reporting structures.
• Conducting supervisory reviews.

Who Should Attend:

This course is ideal to auditors in all sectors and at all levels. With this course auditors will learn how to effectively communicate audit observations that meet professional standards, elicit management action, and communicate crucial messages to executives and board-level readers.

Number of CPE units: 7

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