Internal Audit
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1
What is internal audit?
Its job is not to hunt for someone to blame, but to make sure the organisation works the way it says it works — and that management and the board learn the truth before anyone else does.
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2
The risk-based annual plan
Audit cannot examine everything every year. So how does it choose? Not by rotation and not by mood, but by ranking areas according to their risk.
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3
Executing an audit engagement
From the notification of commencement to the last working paper: how a single engagement is run with a method that makes the conclusion defensible to any reviewer.
10 min read -
4
The finding and the report
This is where the whole audit shows its worth. A well-written finding fixes a weakness; a badly written one starts an argument and leaves the gap exactly where it was.
10 min read -
5
Follow-up and quality assurance
The report is not the end of the engagement. Audit's real value shows up in a single question six months later: was what we flagged actually fixed?
9 min read