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Forums Internal Audit Ideal Sequence of Internal Audit Report Reply To: Ideal Sequence of Internal Audit Report

  • Shruti Bhatia

    May 19, 2021 at 8:30 am

    In addition to above it should also include below

    1. Risk Mattrix – Criteria of defining the observation as High Medium and Low. The same criteria should be approved by board.

    2. Whenever an observation is rated High Medium Low , reference should be given to the specific criteria basis which it has been rated

    3. Incase the observation is a repeat finding, it should mention it clearly.

    4. Disclaimer – Incase the information is not provided, some application access not provided or data referred to produce the report

    5. Lastly, Annexures