Here are several ways (with examples!) to quantify a finding, because numbers are the key to making issues real.
Audit findings
3 Phases of Editing a Finding
Before giving the final version of your audit report to your readers, make sure you check off these 3 phases of editing a finding.
What Goes in Audit Findings?
In this episode of THE SAMPLE, Leita Hart-Fanta, CPA answers the question, “What Goes in Audit Findings?”
Management and auditor responsibilities for internal control
Management is ultimately responsible for establishing and implementing internal controls. Both the COSO literature and the GAO’s Green Book make that very clear. But because auditors use internal control concepts extensively in their work, the line can get blurred regarding management and auditor responsibilities for internal control. You see, the COSO model and the Green […]
The Difference Between Fraud, Waste and Abuse
The difference between fraud, waste and abuse is a matter of degrees. Only fraud is a reportable condition under Yellow Book standards.
The Struggle is Real
If you work for an audit shop with more than three professionals, you likely struggle with getting your audit report out the door. First of all, let me reassure you that you are perfectly normal. Nothing wicked or dastardly is afoot. Every audit team I have ever worked with wishes they could finish quicker. We […]
How to Take the “Ouch!” Out of Editing
Take the “ouch” out of editing by requesting an outline from the author first and keep their voice throughout the writing. If a sentence is fine the way it is, leave it the heck alone!
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