Raising an Audit Issue Is One Thing, Closing It Out Is Another

Topics:
Audits,
Business Process Management,
Crisis Communication
Tags:
Action Plan,
Audit,
Finance,
Financial Accounting
Source:
Protiviti

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Overview: Does an audit, reach findings, set action plan to address deficiencies, follow up. Sounds straightforward, but satisfactorily resolving audit issues can be complicated. Internal audit sometimes puts the cart before the horse. Auditors sometimes think they must come up with the perfect recommendation. In reality, the best recommendations and action plans are developed by facilitating a dialogue with management and experts on the topic, to arrive at the most appropriate recommendation and action plans. Management owns the action plans so including them in the discussions reinforces their ownership.

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Format: HTML | Pages: 4

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