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Two Day Seminar: Audit Report Writing
CPE Hours: 16
UTAP APPROVED COURSE
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INTRODUCTION
Persuasive communication is an essential skill for auditors at all levels, and high-quality audit reports are a key communication tool. By participating in this course, auditors in all sectors and at all levels will learn what goes into an effective audit observation and how to organize reports that meet professional standards, elicit management action, and communicate crucial messages to executives and board-level readers. By honing these skills, they can distinguish themselves in their current positions and prepare themselves for advancement.
This is a hands-on course that focuses on the organization and structure of audit reports, and includes case study activities for practicing the basics of audit report writing.
WHO SHOULD ATTEND
Audit professionals from all sectors.
LEARNING OUTCOMES
- Recognize the importance of thinking before writing.
- Understand the needs of readers and writers.
- Understand the five components of the audit report.
- Recognize the importance of identifying cause and impact of audit observations.
- Identify advantages and disadvantages of three report formats.
- Apply one of the audit report formats.
- Identify how to improve writing quality.
- Identify how to develop reports that are accurate, objective, clear, concise, constructive, complete, and timely.
COURSE OUTLINE
The Audit Report Writing Task
- Audit report guidance
- Why audit reports are written
- Uses and readers of audit reports
- Audit report limitations
Components of Audit Observations
- Components of an audit observation
- Types of criteria
- Condition summaries
- Levels of cause and effect
- Recommendations and action plans
Audit Report Structure
- Elements of a typical audit report
- Audit report formats
- Comparisons of audit report structures
Quality of Reporting
- Writing-quality guidance and issues
- Coherence
- Tone
- Objectivity
- Sentence clarity: modifiers, pronouns, and parallel structure
- Active and passive voice
- Technical terminology
- Readability and conciseness
- Verb usage
Assessment
There will be an assessment component towards the end of Day 2 to assess participants’ understanding of the concepts through a sit-down test.
For participants who do not achieve an overall pass will be able to request for a re-assessment within 14 working days from the last day of the course. Re-assessment will only be allowed once.
ABOUT THE TRAINER
Ms Lilian Tay was the Past President of IIA Singapore. She has served on the board of governors for several years, championing the important role of internal auditors, the value that they bring to their organisations and raising the skills and quality of internal audit services in Singapore. Lilian has had many years of experience heading the Internal Auditing function in European offshore banks covering Asia businesses in capital markets, commodities financing, structured finance, corporate finance, global trade services, syndications, and institutional banking services. She has also gained experience in line management roles including General Manager responsible for back office, controls and support functions of an offshore bank and Head of Human Resources for an offshore bank.
Having built her career in banking and internal auditing, Lilian’s studies have focused in these areas. She is qualified as a Certified Internal Auditor, Certified Financial Services Auditor, Fellow of the Chartered Institute of Bankers (now known as ifs School of Finance), and also holds a Masters of Business Administration.
