Black Friday Offer Extends till Dec 3rd ! Unlimited Continuing Education only @$299 $199 (2 Days Left) CLICK HERE to view.
Black Friday Offer Extends till Dec 3rd ! Unlimited Continuing Education only @$299 $199 (2 Days Left) CLICK HERE to view.
1.5 Credits
$15
1.5 CPE credit of Auditing for all CPAs
1.5 CPE credit for Certified Internal Auditors (CIA)
1.5 CPD credit (Verifiable) for Canadian CPAs
1.5 CPE credit for Qualification in Internal Audit Leadership (QIAL)
1.5 CPE credit for Internal Audit Practitioner (IAP)
1.5 CPE credit for Certified Government Auditing Professional (CGAP)
1.5 CPE credit for Certification in Risk Management Assurance (CRMA)
1.5 General Educational credit for Tax Professionals / Bookkeepers / Accountants
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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.
Even the best-planned audit will do little good if results are not effectively communicated to the audit client to make the needed fixes. This online CPE course will discuss how to write audit observations so that whether it’s used internally or externally, the audit report conveys the proper information.
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:
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 in a timely manner. The components in this process include all the information you will need to inform and persuade. It allows you to present your findings to your reader in a logical, complete, and objective manner and, thus, enhances the chances of the client’s buy-in and their agreement to your recommendations.
This process can also serve as a basis for review by audit supervisors and managers. It is supported by your workpapers and gives complete and clear details of your analysis and the basis for your findings.
Writing audit observations effectively brings issues to management’s attention that needs to be addressed. How well you communicate that information is critical to getting the results you are seeking.
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