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Composition of The Report or Communication (IIA Standard 2410)

The document outlines the key components that should be included in an internal audit report or communication: 1) The objectives and scope of the engagement, including background information on the audited entity. 2) Applicable conclusions, opinions, or audit findings/observations from the internal auditor's evaluation. 3) Recommendations designed to help the organization achieve its goals related to particular transactions and assertions about effectiveness and efficiency.

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Jhazzie Dolor
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28 views

Composition of The Report or Communication (IIA Standard 2410)

The document outlines the key components that should be included in an internal audit report or communication: 1) The objectives and scope of the engagement, including background information on the audited entity. 2) Applicable conclusions, opinions, or audit findings/observations from the internal auditor's evaluation. 3) Recommendations designed to help the organization achieve its goals related to particular transactions and assertions about effectiveness and efficiency.

Uploaded by

Jhazzie Dolor
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Composition of the Report or

Communication
(IIA Standard 2410)
1. The engagement objectives and scope

• Sufficient background information on the audit entity should be


provided to understand the context and significance of the audit report.
• Scope is the area or process subject to the engagement and its
corresponding business objectives, related risks and control activities.
2. Applicable conclusions, opinions or audit
findings/observations

• Conclusions and opinions are the internal auditor's evaluations of the


effects of the observations and recommendations on the activities
reviewed.
• Conclusions may encompass the entire scope of an engagement or
specific aspects.
3. Recommendations, and
• The recommendations in an internal audit report are designed to help
the organization to achieved its goals.
• Audit findings and recommendations also relate to particular
assertions about transactions.
• They may relate to effectiveness or efficiency.

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