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Causal Capital ~ The Knowledge Capital Specialists

Audit Report Writing

Friday, July 13, 2018

Several auditors have asked us for more information on the topics that are covered in the Causal Capital Audit Report Writing material set.

 

The Causal Capital Audit Report Writing book has been developed to be part of the Causal Capital report writing Masterclass and consists of four core parts that are delivered with various interesting practical exercises. The main objective of the training is to not only help auditors conceptualise their work but to translate their audit efforts into stakeholder aligned objective reports. The four key chapters include:

 

I Scope and Coverage of Different Audit Reports

  • Developing Scope and Coverage

  • How to report assurance

  • Audit Report Writing Rule Set

  • Developing Audit Report Taxonomies

    • Case Study for Risk Based Audit

    • Case Study for Functional Departments

    • Case Study for Finance Departmental Audits

 

II Best Practice Audit Reporting Structures

  • The Main Report Structure

    • Audit Report Cover

    • Executive Summaries

    • Writing Assurance Statements

    • Audit Summary Findings

    • Writing up Context and Scope

    • Introduction, Objective and Audit Approach

    • Analysis of Audited Risks

    • Evaluation Approach and Audit Methodology

    • Detailed Findings and Recommendations

    • Capturing Management Responses

  • The Audit Template Library

  • How to develop an Audit Report Checklist

  • Case Studies

    • Organisation and Authority RACI

    • Process Maps in Audit Reports

    • How to capture and report audited procedures

    • Writing up Control Tests

 

III How to write proportionately, objectively and with perspective

  • How to avoid ambivalence in audit reports

  • Best Practice Audit Report Writing Language

  • Formal and Informal Audit Report Fallacies

  • How to apply Critical Thinking to Audit Reports

  • Elements of Reasoning in Audit Reports

 

IV A charting approach to Testing Assurance, Presenting Findings and anchoring Recommendations

  • Audit Report Systems a Case Study in R

  • Referencing Audit Data across the Audit Assessment and Report

  • Exploring new ways to report risks

  • Single Factor Horizontal Tests and Reporting Exceptions

  • How to keep audit findings proportional

  • How to test and report survival of business objectives

  • Dual Factor Pivot Tables in Audit Reports

  • Stratification and Context in Audit Reports

  • Multi Factor Comparisons

  • Testing the quality of an audit

  • How to compare Control Clusters

  • Reporting Corridor Control Findings

  • Dealing with Time Series Data and Stakeholder Expectations

  • Forecasting and Decomposition, how to write these conditions up

  • Projecting the Future and Forward Looking Audit Reports

 

These topics are explored in a practical and interactive set of sessions that allows auditors to improve their existing auditing approaches and how they communicate audit findings to stakeholders.

 

 

We look forward to be working with a key client in the GCC next week to help them take their audit reporting approach to a whole new level.

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