How to Put the Quality in Audit Reports

  • Accountant
  • CRMA
  • CPA/CFF
  • CFE
  • CGAP
  • CGFM
  • CIA
  • CMA
  • CPA (US)
  • CVA
  • CA - ICAEW
  • IAP
  • QIAL
  • ACCA
  • CBA/MCBA
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

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  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • IIA Standards
    5 mins
  • Clear communication
    19 mins
  • Use of transitional words and phrases shows cause
    29 mins
  • Use of technical terms Spell out the acronym
    39 mins
  • Concise communication
    56 mins
  • Constructive communication
    65 mins

Course Description

Accurate Communication: Free from error and distortion...Faithful to the underlying facts

Preparing for and conducting an audit are the initial components of the audit process; writing a good audit report is the final step. Communicating the results of an audit is just as important as performing it. However, auditors are often frustrated when their audit reports are not taken seriously or used effectively because they do not provide meaningful information.

The objective of any audit report is to provide information to management on the area that was reviewed.  The quality of that report will have an impact on how well the report is understood and accepted.  Even a report with the best information and recommendations may not be acted upon if the report is poorly written and hard to understand.  Poor quality reports can result in management misunderstanding the information and making the poor decisions.

Ideally, the audit report should provide management with enough information to understand:

  • The audit objectives
  • The audit findings, if any
  • The audit recommendations, as appropriate


How well you communicate that information is critical to getting management’s acceptance of your findings and their agreement with your recommendations.  A well written audit report adds value to your clients by providing information that is:

  • Accurate
  • Objective
  • Clear
  • Concise
  • Constructive
  • Complete
  • Timely


In addition to audit reports, those same attributes can apply to all kinds of writings including:

  • Executive summaries
  • Fraud investigations
  • Consulting reports
  • Memos
  • General correspondence

Click here for more webinars on Accounting and Auditing

Learning Objectives

  • To review the audit standards related to audit report quality
  • To describe a detailed review of each of the seven report quality elements
  • To assist in various quality report exercises

Recommended For

  • This IIA- Approved CPE course is recommended for CPAs, CIAs, Internal as well as External Auditors, Government Auditors, Audit Manager or Staff of Auditors interested in effectively communicating the results that can positively influence readers and get the results they are seeking and add value to their clients.

Who Should Attend?

  • Accountant
  • Accounting and audit managers/practitioners
  • Auditors
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Large Firm
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Forensic Auditor
  • Fraud & Forensic Auditor
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1.5 CPE Credit for Qualification in Internal Audit Leadership (QIAL)
  • 1.5 CPE Credit for Internal Audit Practitioner (IAP)
  • 1 CPE Credit of Auditing for Certified Public Accountants (CPA-US)
  • 1.5 CPE Credit for Certified Internal Auditors (CIA)
  • 1.5 CPE Credit for Certified Government Auditing Professional (CGAP)
  • 1.5 CPE Credit for Certification in Risk Management Assurance (CRMA)
  • 1.5 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1.5 CE Credit for Certified Wealth Strategist (CWS)
  • 1.5 General Credit for Accountant/Bookeeper
  • 1.5 CPD Credit for CA - ICAEW
  • 1.5 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1.5 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1.5 CPD Credit for Chartered Accountants - Scotland
  • 1.5 CPD Credit for CPA - Ireland
  • 1.5 CPE Credit of Auditing for Certified Fraud Examiner (CFE)
  • 1.5 CPE Credit for Certified Government Financial Manager (CGFM)
  • 1.5 CPE Credit of Auditing for Certified Valuation Analyst (CVA)
  • 1.5 CPE Credit of Auditing for Certified Business Appraiser/Master Certified Business Appraiser (CBA/MCBA)
  • 1.5 CPD Credit of Auditing for Certified Financial Forensics (CFF)
  • 1.5 CPE Credit of Auditing for Certified Management Accountants (CMA)

Additional details

  • Course Level :
    Basic
  • Credits :
    1.5
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Presenter

About Presenter

Jonnie Keith, CIA, CFE, CGAP

Auditor, JonSherr Ent.

Mr. Keith has over 50 years of audit experience and served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for 12 years before his retirement in 2012.  His other audit experience includes serving as Operational Audit Manager for five years and was a Senior Auditor in the Contract Compliance Audit Branch at MARTA.  He was also a Senior Auditor at Norfolk Southern Railway, and a Bank Examiner at the Federal Reserve Bank of Atlanta. 

As the Chief Audit Executive for MARTA, he was responsible for administering the overall audit activities for the Department of Internal Audit including:

  • Providing the Board of Directors, the GM/CEO, MARTA Senior Management and appropriate government entities with independent analysis, appraisals, and recommendations concerning operational, information technology, contract compliance, and financial audits.
  • Directing the day-to-day activities for three audit managers, 12 auditors and the audit coordinator.
  • Developing an annual risk-based audit plan to maximize audit resources in addressing MARTA risks.
  • Assisting the Audit Committee Chair with the quarterly Audit committee meetings.
  • Developing and operating within the approved audit budget; and
  • Assisting the Board, the GM/CEO, and Management in other areas as necessary and requested.

He was a volunteer seminar instructor for the Institute of Internal Auditors. Some of the courses taught included: 

  • Writing Effective Audit Reports
  • Tools and Techniques for the Beginning Auditor
  • Communication Skills for Auditors
  • Leadership Skills for the Auditor-In-Charge
  • Audit Project Management
  • CIA Review Course

He has written three IIA Magazine articles including:

  • Killing the Spider, April 2005
  • Producing Quality Audit Reports, August 2018
  • Write Effective Audit Objectives, June 2020

He has provided training for the Association of Certified Fraud Examiners Annual Conference:

  • 2018 Bulletproofing Your Fraud Reports
  • 2019 Writing Effective Fraud Findings

He currently teaches audit webinars, including:

  • How to Write Effective Audit Observations
  • How to Put the Quality in Audit Reports
  • What It Takes to Be the Auditor-In-Charge
  • Report Writing Techniques for Audit Professionals
  • How to Assess Risks and Evaluate Controls

He has a degree in Economics from Clark Atlanta University.  His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), and Certified Government Auditing Professional (CGAP).

Mr. Keith has been married over 50 years.  He also co-authored a book with his wife on marriage entitled “Tied Together – The Marriage Trinity”.  He has two daughters and five grandchildren. 

Faq

FAQs content

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Ratings and Review

4.7

16 Ratings

Excellent

11

Very Good

5

Average

0

Poor

0

Terrible

0

DW

David Williams, Others

Dec 14th, 2021

Another outstanding presentation and loaded with valuable information.

WD

William Dombrowski, CPA (US)

Jul 15th, 2022

Excellent presentation of the subject matter.

RL

Rebecca Lee, CPA (US)

Dec 31st, 2021

None

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