Loss of added value Internal audit and external audit both present their findings during the same audit committee meeting. It turns out that both structures independently audited the same entity which is part of the wider organisation. A lot of their findings align. They actually turn out to be comparable to some of the issues … Continue reading Joint risk assessment and single audit, sitting in a tree …
Tag: audit
Tone & content audit report = f(audience)
Writing an audit report is serious business. But for auditors, it usually is one of the last things to do before closing the audit job and going to the next one. Not all auditors writing the audit report are necessarily familiar with the audience of their report. And that results in a failure to hit … Continue reading Tone & content audit report = f(audience)
Developing good audit recommendations
In shortRecommendations should never be developed in an ivory tower. Rather, bringing in the auditees during the recommendations phase and challenging them to develop SMART recommendations will enhance the quality of your recommendations. Proper process should counter any issues with objectivity that may arise.Relevant recommendations are hardThis is a no-brainer for most auditors. Concisely describing … Continue reading Developing good audit recommendations
Exploring The Black Box 