This course is designed to help internal auditors to understand best practices in internal audit reporting. This course also provides knowledge to demonstrate your ability to:
Develop a collaborative approach while completing the audit
Enhance your communication skills
Focus on core findings to maximize outcomes
Focus on strategic organizational risks while reporting
Add value for your organization and for the auditee
What management expect – recent survey of chief executive
IIA professional standards
The Problems with Audit Reports
The 35 questions (all based on best practice) – how did you score?
What are the factors preventing the achievement of these best practice measures
30 tips, techniques and ideas to help you score a maximum
- How to get 95% of recommendations implemented
- Use of charts and photos
- Dealing with minor issues
- Future focus
- Order of importance of the issues
- Actions rather than recommendations
- Action plans
Discussion of the implications
How to assess the needs of the audit customers
Exercise 1: 35 questions about your audit reports issued during the last 12 months
The Executive Summary
The role of the executive summary
20 tips for writing better summaries
Targeting the executive summary to the reader
The benefits of writing the executive summary before the main report
Asking a non-technical person to read it
Exercise 2: Comparison of three executive summaries
DAY TWO
Best Practices Internal Audit Reports Developing A Collaborative, Consultative Style
The psychological problem with reports
The need to meet and hopefully exceed management expectations
The need to focus on benefits rather than problems
Marketing the audit reporting process
An example presentation will be shared
Relationships with management
Expressing yourself effectively
The need to drive action
Creating rapport with your customers – tips and techniques
The need to understand the people receiving the reports
Exercise 3: The psychology of reports
Writing Reports with Impact
Messages rather than content
Outcomes rather than output
Solutions not problems
Auditor and reader mindsets
Why audit reports are taken as a criticism of management
Ways to make the reports more positive
Benefits and deliverables
Conclusions
How to draft a report with impact – discussion of banner headlines and their relative impact
Language and impact
Simple and complex language
The use of ‘power words’ in your communications
How to get on the same wavelength as your customer
Highlighting the issues that matter
Audit observations
New paper on audit observations will be shared
Causes and effects
Exercise 4: Causes and effects exercise
The Main Report
Keeping it simple
The report process
Writing the main report
Dealing with writer’s block
Audit objectives
Scope
Forming and expressing the audit opinion
Wording tips
Tone
Writing effective coherent sentences and paragraphs
The editing process – tips for success
The power of senior management comments
Circulation lists
Formatting ideas
How to avoid repeating any sections in the executive summary
Words and phrases to avoid
How to reduce the number of words
Why the spellchecker sometimes does not help you
Dealing with the difficulties of the English language
Finalizing The Report
Recommendations and actions plans
Management comments
How to reflect the right issues for the Audit Committee
Audit Committee report examples
The need to be on your customers’ side
Follow up audits – using the action plan
How to get management to take responsibility for actions
Ways to improve the follow-up process
Issuing the report
Presenting or issuing reports including the use of e-mail and the Intranet
Alternative methods of reporting e.g. PowerPoint
Examples of excellent reports will be provided
Reporting performance indicators
Tracking actions
Steps to success
EDUCATIONAL PARTNER
LEORON - Professional Development Institute
Built upon the strong experience in the manufacturing sector, which the founders developed in Sweden during the 90’s global expansion, LEORON evolved into a comprehensive training institute, offering training and development solutions in all strategic corporate functions, including corporate finance, HR, SCM, operations, and engineering.
With strategic distribution of our offices in leading locations, such as Dubai, Riyadh, Jonkoping, Skopje, Accra, and Almaty, our team of experts delivers approximately 500 courses annually, and roughly 10000 professionals are equipped with appropriate education and the latest insights in a wide assortment of industries across the EMEA region.
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Who Should Attend?
This highly practical and interactive course has been specifically designed for:
Professionals in internal audit functions who would like to learn best practices in report writing in order to close the audit process adequately
"I would like to thank you for last week's thorough and well organized training. The material was very interesting and the discussions were truly inspiring. I particularly enjoyed the visual illustrations, which made the content easily understandable. Please thank on my behalf everyone who was involved in the preparation and execution of the training. You have all done a wonderful job. I look forward to attend future trainings given the opportunity. Sincerely," -Oman Oil Marketing Company
Quality Assurance Executive
Hisham Abbas Hassanean Ali Mohammed
5
“The benefits and strength of the training content is huge, also the trainer was very helpful. LEORON is so professional and a leader in the training field.”
Operation Assurance Manager, Mobily, KSA
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This program has been carefully designed to provide every key process within the internal audit cycle with sufficient detail and diligence whereby participants will finish this course with a detailed understanding of the internal audit methodology aligned with a sound understanding of related internal control frameworks.
The program has been designed to be fully compliant with the Institute of Internal Audit standards. The program has been divided into the following key modules:
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Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.
LEORON Institute partners with 20+ international bodies and associations. We also award continuing professional development credits (CPE/PDUs) for:
1. NASBA (National Association of State Boards of Accountancy)
2. Project Management Institute PDUs
3. CISI credits
4. GARP credits
5. HRCI recertification credits
6. SHRM recertification credits
The deadline to register for a public course is 14 days before the course starts. Kindly note that occasionally we do accept late registrations as well, but this needs to be confirmed with the project manager of the training program or with our registration desk that can be reached at +971 4 447 5711 or [email protected].
The course fee covers a premium training experience in a 5-star hotel, learning materials, lunches & refreshments, and for some courses, the certification fee and membership with the accrediting bodies.