Audit Report Writing

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.