1. Operational Auditing--Fall 200511-1 Audit Finding Components  Condition  Criteria/Standard  Effect: Relate to 5 Control Objs.  Cause  Recommendation

2. Operational Auditing--Fall 200511-2 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?

3. Operational Auditing--Fall 200511-3 Other Issues  Audit Findings Summary (pps. 384- 385)

4. Operational Auditing--Fall 200511-4 Reporting Standards  Signed written report  Pre-issuance discussion  Clear, objective reporting  Purpose, scope & results required  Recommendations optional  Auditee response optional  Review of report & distribution

5. Operational Auditing--Fall 200511-5 Report Use  Audit Staff –Work summary –Action catalyst –Training –Evaluation –Follow up

6. Operational Auditing--Fall 200511-6 Report Use  Operating Management –Action catalyst –Support –Visibility –Evaluation  Top Management –Visibility –Audit scope –Objective insight

7. Operational Auditing--Fall 200511-7 Closing Conference  Audit review  Major findings  Other findings  Report review logistics  Audit conduct feedback  Thank you’s

8. Operational Auditing--Fall 200511-8 Report Model  Cover  Formalities  Executive Summary  Findings –Major –Other  See checklist at p. 428

9. Operational Auditing--Fall 200511-9 Effective Writing  Gather information  Conversational style  Keep it short & simple  Active voice  Familiar vocabulary  Use captions  Use italics and white space  Use graphics & footnotes

10. Operational Auditing--Fall 200511-10 Other Reporting Issues  Interim updates  Distribution –Audit Committee –Senior Management –Department Management –Internal Audit –External Audit