Audit Report Writing
Presented By: The Institute of Internal Auditors
By participating in this course, auditors in all sectors and at all levels will learn what goes into an effective audit observation and how to organize reports that meet professional standards, elicit management action, and communicate crucial messages to executives and board-level readers. By honing these skills, they can distinguish themselves in their current positions and prepare themselves for advancement.
This is a hands-on course that focuses on the organization and structure of audit reports, and includes case study activities for practicing the basics of audit report writing.
The Audit-Report Writing Task
Recognize the criteria for, and importance of, writing audit reports.
Explain why audit reports are written.
List the readers of your reports.
Describe how readers use the reports.
Describe limitations placed on your reports and on yourself as a report writer.
Components of Audit Observations
Complete the five components of an audit observation.
Identify types of “criteria”.
Create “condition” summaries.
Determine levels of “cause”.
Determine levels of “effect” (or “consequence”).
Create “recommendations” and “action plans”.
List the components of audit observations.
Audit Report Structure
Construct an audit report.
Evaluate the importance of the various sections included in audit reports.
Apply one of the four formats to write an audit observation.
Distinguish the advantages and disadvantages of different report formats.
Quality of Reporting
Identify the qualities of communication. i.e., accurate, objective, clear, concise, constructive, complete, and timely.
Rephrase technical terminology.
Hal Manasa, CIA, CPE, CFE
Hal holds a BA in Accounting from the University of West Florida and an MA in Economics from the University of Oklahoma. He is a licensed CPA in South Carolina, a Certified Internal Auditor, and a Certified Fraud Examiner. Mr. Manasa has taught various Accounting, Auditing, Finance, Entrepreneurship and Global Business Courses at Winthrop University, Clemson University and the University of Miami at the Graduate and Undergraduate levels. He also teaches accounting in Nantong, China at the Nantong University from time to time.
In addition, he has worked as a Senior Audit Manager for PricewaterhouseCoopers in Florida and the Middle East, served as the Chief Financial Officer for the Miami Parking System and the Assistant City Manager for the City of Homestead, Florida. Mr. Manasa spent fifteen years working for Saudi Aramco (formerly the Arabian American Oil Company) in Saudi Arabia, where he served as an Internal Audit Division Manager, an internal consultant to the Chief Financial Officer, Senior Vice President for Exploration and the Vice President for Medical. Hal also serves as an instructor in the Public Seminars for the IIA.
Hal’s community and professional involvement include past president of the IIA chapter in Saudi Arabia, the chair of the research committee for the Charlotte IIA Chapter, Treasurer of the Aramco Employees Association, member of the Rotary Club and school board member at St. Joseph Catholic School in Anderson, SC and The Aramco School system in Dhahran, Saudi Arabia. He is currently the University liaison with the Charlotte chapter of the IIA and co-facilitates the CIA review program at The University of North Carolina Charlotte.
DATE : TUESDAY, SEPTEMBER 17, 2013
TIME : REGISTRATION/BREAKFAST 7:30 AM PRESENTATION 8:00 AM
LOCATION : FIRST BAPTIST CHURCH
1306 HAMPTON ST.
COLUMBIA, SC 29201
CPE/COST : 8.0 CPE
$90 EARLY BIRD REGISTRATION
Must be registered by August 16.
Open to IIA and ISACA members only. Proof of membership required.
$110 REGULAR MEMBER REGISTRATION
Effective August 17.
$160 NON-MEMBER REGISRATION
Due to IIA restrictions, there are only 50 slots for attendees to this seminar. Register early to secure your slot. Registration will be closed once 50 attendees register for this seminar.