Operational Auditing--Fall Audit Finding Components  Condition  Criteria/Standard  Effect: Relate to 5 Control Objs.  Cause  Recommendation

Operational Auditing--Fall Recommendation Considerations  Does it solve the problem?  Is it feasible for the auditee?  Is it compatible with the auditee’s ops.?  Is it cost effective?  Is it a long or short-term solution?

Operational Auditing--Fall Other Issues  Audit Findings Summary (pps )

Operational Auditing--Fall Reporting Standards  Signed written report  Pre-issuance discussion  Clear, objective reporting  Purpose, scope & results required  Recommendations optional  Auditee response optional  Review of report & distribution

Operational Auditing--Fall Report Use  Audit Staff –Work summary –Action catalyst –Training –Evaluation –Follow up

Operational Auditing--Fall Report Use  Operating Management –Action catalyst –Support –Visibility –Evaluation  Top Management –Visibility –Audit scope –Objective insight

Operational Auditing--Fall Closing Conference  Audit review  Major findings  Other findings  Report review logistics  Audit conduct feedback  Thank you’s

Operational Auditing--Fall Report Model  Cover  Formalities  Executive Summary  Findings –Major –Other  See checklist at p. 428

Operational Auditing--Fall Effective Writing  Gather information  Conversational style  Keep it short & simple  Active voice  Familiar vocabulary  Use captions  Use italics and white space  Use graphics & footnotes

Operational Auditing--Fall Other Reporting Issues  Interim updates  Distribution –Audit Committee –Senior Management –Department Management –Internal Audit –External Audit