Putting the Quality in Audit Reports
The objective of This Training any is to provide important information to management in the area reviewed, It represents the end result of weeks of reviews, analyses, interviews and discussions, Also The quality of that report will have an impact on how well the report is understood and accepted.
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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:
In addition to audit reports, these elements can apply to all kinds of writings including:
Why should you Attend:
- Executive summaries
- Fraud investigations
- Consulting reports
- General correspondence
The objective of any report is to provide important information to management in the area reviewed. It represents the end result of weeks of reviews, analyses, interviews and discussions.
The quality of that report will have an impact on how well the report is understood and accepted. 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 wrong decisions
- Getting too little information and making poor decisions
- Getting too much information and wasting valuable time in making decisions
Ideally, the audit report should provide management with enough information to understand:
Areas Covered in the Session:
- What was done
- What was found
- What management should do
Who Will Benefit:
- A review of the audit standards related to audit report quality
- A detailed review of each of the seven report quality elements:
- Various quality report exercises
- Chief Audit Executives
- Audit Directors
- Audit Supervisors
- Audit Managers
- Staff Auditors
- Government Auditors
- Compliance Auditors
- Internal Control Specialists
- Public Accountants
- Accounting Analysts
- Business Analysts
- Quality Control Specialists
Jonnie T. Keith has over 40 years of audit experience and has served as the Chief Audit Executive for the Metropolitan Atlanta Rapid Transit Authority (MARTA) for the past 10 years.
His other audit experience includes serving as Operational Audit Manager and Senior Auditor at MARTA, Senior Auditor at Norfolk Southern Railway (formally Southern Railway), and Bank Examiner at the Federal Reserve Bank of Atlanta.
He has done numerous audit presentations and had an article published in the April 2005 Internal Auditor Magazine entitled, “Killing the Spider”. He has performed quality assessments of several major companies. These quality assessments ensure that the Audit Departments are conducting audits in accordance with the Institute of Internal Auditors Standards or the Government Auditing Standard as applicable.
He has a degree in Economics from Clark Atlanta University. His certifications include Certified Internal Auditor (CIA), Certified Fraud Examiner (CFE), Certified Government Auditing Professional (CGAP), and Certified Internal Control Auditor (CICA).
He has been a volunteer instructor for the Institute of Internal Auditors for more than 10 years. In addition to teaching the CIA Review Course, he has taught Tools & Techniques for Beginning Auditors, Audit Report Writing, Operational Auditing, Audit Project Management, Communication Skills for Auditors, and Leadership Skills for Auditors.
He is a member of several local audit chapters including the Institute of Internal Auditors, the Association of Government Auditors, and the Association of Certified Fraud Examiners. He has also served as a Vice President and a member of the Board of Governors for the Atlanta Chapter of Institute Internal Auditors.