Set index in the Internal Audit Report effortlessly

Aug 6th, 2022
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How to Set index in the Internal Audit Report

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Welcome, Im Hernan Murdock. In this episode, were going to take a look at written communications. So as internal auditors spend that much time preparing written communications, in particular, their reports, we would like to get a deeper look into what goes into these documents and how we prepare them, and maybe answer the who, what, when, where, how, kind of the thing about them. So to help us with this, Kathleen Crawford, who has a lot of experience in this regard, shes accompanying us. - So welcome, Kathleen. - Hi, Hernan. So as it relates to written communications, and particularly the report, why do we put that much effort into it? I would imagine that part of it is because this is like the product, right? But can you tell us more about why we issue written communications? Yes, youre absolutely right. This is our final product. Its the outward facing product. We have an inward facing one in the form of work papers, but this matters, most of all. It caps everything off. So we

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Key performance indicators (KPIs) are quantifiable measurements that demonstrate the effectiveness of an individual, department, or organization in achieving key goals.
Brief introduction, including background 2. Main results and conclusions (audit opinion) 3. Detailed findings 4. Appendices, including audit methodology, action plan.
Indexing the audit working papers essentially means preparing a Table of Contents. A well-organized set of working papers enables the auditor to understand the relationships of transactions and how they impact different accounts.
What Are the 5 Cs of Internal Audit? Internal audit reports often outline the criteria, condition, cause, consequence, and corrective action.

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