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Writing Effective Audit Observations

Event Details

Writing Effective Audit Observations

Time: April 3, 2018 from 1pm to 2:30pm
Location: 26468 E Walker Dr, Aurora, Colorado 80016
Street: 26468 E Walker Dr, Aurora, Colorado 80016, 26468 E Walker Dr, Aurora, Colorado 80016
City/Town: Aurora
Website or Map: https://goo.gl/hXjqBt
Phone: 18883008494
Event Type: online
Organized By: Training Doyens
Latest Activity: Mar 19

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Event Description

OVERVIEW

The key to writing an effective audit observation is having a comprehensive structured process.  The Institute of Internal Auditors recommends a process known as the 5Cs:

  • Criteria
  • Condition
  • Cause
  • Consequences (Effect)
  • Corrective Action (Recommendation)

As you develop conclusions, findings, and recommendations, you must present them to your client in a logical, complete, and objective way.  This process provides an easy way to consistently develop and present your observations.  The components in this process include all the information you will need to inform and persuade.  

WHY SHOULD YOU ATTEND

The audit observation is the most important part of an audit report.  It represents the end result of weeks of reviews, analyses, interviews and discussions.  It is used to bring significant issues to their attention that needs to be addressed.  How well you communicate that information is critical to influencing the readers and getting the results you are seeking.  A well written audit observation will capture the readers’ attention and focus them on the important issues in the report that needs to be addressed.  

A well written audit observation adds value to your clients by providing:

  • Concise, understandable, and persuasive observations
  • Actionable recommendations

AREAS COVERED

Review of the following recommended observation standards in detail:

  • Criteria (Standard used for comparison of area under review)
  • Condition (Current status used in the comparison)
  • Cause (Reason that the Condition does not meet the Criteria)
  • Consequence (Risk if not corrected)
  • Corrective Actions (Action needed to manage the risk)

Exercises for each component

LEARNING OBJECTIVES

This internal auditor training will provide the basic principles for writing effective audit observations.  The audit observations represent the end result of weeks of reviews, analyses, interviews and discussions.  It is used to provide important information to management on the area you reviewed.  And, more importantly, it provides details to management on significant issues that needs to be addressed.  How well you communicate that information is critical to getting management’s acceptance of your findings and their agreement with your recommendations.  And ultimately, this demonstrates the value you add to the company and enhances your chances for promotions and greater salary increases.

WHO WILL BENEFIT

  • Chief Audit Executives
  • Audit Directors
  • Audit Supervisors
  • Audit Managers
  • Staff Auditors
  • Government Auditors
  • Compliance Auditors
  • Internal Control Specialists
  • Public Accountants
  • Accounting Analysts
  • Business Analysts
  • Quality Control Specialists

 

For more detail please click on this below link:

http://bit.ly/2x7P783

 

Email: support@trainingdoyens.com

Toll Free: +1-888-300-8494

Tel: +1-720-996-1616

Fax: +1-888-909-1882

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