An internal audit report is a formal document where internal auditor summarizes its work on an audit and reports its findings and recommendations based on work. The Auditor's report is provided as an assurance service in order for the user to make decisions based on the results of the audit. It is a major factor by which the reputation of internal audit department is established.

Internal Audit reporting and communication is a critical element of an effective internal audit function. Principle 15 of the GIAS addresses these areas.

This course is part two in a two-part series on Executing the Internal Audit Engagement. In this course we focus on the many aspects that must be considered when developing the internal audit conclusion, communicating and report and managing and monitoring findings.

Learning Objectives
  • Examine final engagement conclusion.
  • Explore requirements for final engagement documentation.
  • Explore final engagement communications.
  • Examine engagement action plans.
  • Recognize and confirming the implementation of action plans.
  • Examine monitoring and engagement communicate acceptance.
Last updated/reviewed: September 18, 2024

Included In Certifications

This course is included in the following Certification Programs:

32 CoursesInternal Controls and Internal Audit Certification

  1. Internal Audit Standards Overview
  2. Managing the Internal Audit Function in Line with GIAS - Part 1
  3. Managing the Internal Audit Function in Line with GIAS – Part 2
  4. Managing the Internal Audit Function in Line with GIAS – Part 3
  5. Executing the Internal Audit Engagement in Line with GIAS – Part 1
  6. Executing the Internal Audit Engagement in Line with GIAS – Part 2
  7. Identifying and Implementing the Proper Balance of Internal Controls
  8. Documentation Methods For Internal Control Processes
  9. Segregation of Duties for Core Business Processes
  10. Foundations for a Strong Internal Audit Department
  11. Internal Audit Management - Top Skills
  12. Internal Audit: Keys to Managing an Effective Function
  13. Understanding Risk-Based Auditing
  14. Risk Based Auditing – Establishing a Methodology
  15. Risk Based Auditing – Applying the Methodology
  16. Cyber Risk Frameworks And Concepts
  17. Information Technology (IT) Controls in Emerging Business Environments
  18. Fraud Risk Assessments
  19. Professional Skepticism - Keys to Maintaining
  20. Introduction to Forensic Accounting
  21. The Fraud Triangle
  22. Internal Audit Effective Relations with the Audit Committee
  23. COSO 2013 Overview
  24. COSO 2013 - Operational Execution
  25. Internal Audit Emerging Risks for 2021 and Beyond - Part 1
  26. Internal Audit Emerging Risks for 2021 and Beyond - Part 2
  27. Internal Audit Emerging Risks for 2021 and Beyond - Part 3
  28. Internal Audit Emerging Risks for 2021 and Beyond - Part 4
  29. Internal Audit Challenges During Times of COVID
  30. Global Internal Audit Standards (GIAS) - Overview and Contrast to 2017 International Professional Practices Framework
  31. Tools for Internal Control Certificate
  32. Lessons of an Auditor- Tools for Internal Control Certificate
Prerequisites
Course Complexity: Foundational
No advanced preparation or prerequisites are required for this course.
Education Provider Information
Company: Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact: For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .
Instructor for this course
  Course Overview CPE
Course Syllabus
INTRODUCTION AND OVERVIEW
  Introduction to Executing the Internal Audit Engagement in Line with GIAS - Part 25:34
  Standard 14.5 Engagement Conclusion13:22
  Standard 14.6 Engagement Documentation14:32
  Standard 15.1 Final Engagement Communication17:34
  Standard 15.1 Continued14:42
  Standard 15.2 Confirming the Implementation of Recommendations7:52
  Monitoring and Communicating Risk Acceptance4:24
  Summary1:46
CONTINUOUS PLAY
  Executing the Internal Audit Engagement in Line with GIAS – Part 21:19:46
SUPPORTING MATERIAL
  Slides: Executing the Internal Audit Engagement in Line with GIAS – Part 2PDF
  Executing the Internal Audit Engagement in Line with GIAS – Part 2 Glossary/IndexPDF
REVIEW AND TEST
  REVIEW QUESTIONSquiz
 FINAL EXAMexam