The document provides guidance on best practices for writing internal audit reports. It discusses the purpose of the report, recapping fieldwork, closing meetings, report format, spelling and grammar, review and delivery processes, and intended readership. The presentation covers sections to include in an audit report such as the executive summary, findings, and appendix. It emphasizes clear communication, accuracy, and timeliness.
This is a step-by-step process on how to plan and carry out Auditing. This shall be useful for Accountants , professionals,small businesses,big businesses.
An internal audit is designed to review what a company is doing in order to identify potential threats to the organization's financial health and profitability and to make suggestions for mitigating the risk associated with those threats.
This is a step-by-step process on how to plan and carry out Auditing. This shall be useful for Accountants , professionals,small businesses,big businesses.
An internal audit is designed to review what a company is doing in order to identify potential threats to the organization's financial health and profitability and to make suggestions for mitigating the risk associated with those threats.
Internal Audit is a tool of control to measure and evaluate the effectiveness of the working of an organization primarily with accounting, financial and operational matters.
Internal Audit plays a constructive role by rendering service to the management with objective appraisal of systems, procedures, practices, compliance with policies.
LetzConsult presents a smarter ways for companies to find the most relevant Consultant for their business needs. Find the right consultants for your Company on LetzConsult.com
Internal Audit is a tool of control to measure and evaluate the effectiveness of the working of an organization primarily with accounting, financial and operational matters.
Internal Audit plays a constructive role by rendering service to the management with objective appraisal of systems, procedures, practices, compliance with policies.
LetzConsult presents a smarter ways for companies to find the most relevant Consultant for their business needs. Find the right consultants for your Company on LetzConsult.com
Design of an Analog CMOS based Interval Type-2 Fuzzy Logic Controller ChipWaqas Tariq
We propose the design of an analog Interval Type-2 (IT2) fuzzy logic controller chip that is based on the realization approach of averaging of two Type-1 Fuzzy Logic Systems (T1 FLSs). The fuzzifier is realized using transconductance mode membership function generator circuits. The membership functions are made tunable by setting some reference voltages on the IC pins. The inference is realized using current mode MIN circuits. The consequents are also tunable by providing five reference current sources on chip. Defuzzification of both the T1 FLSs is based on weighted average method realized through scalar and multiplier-divider circuits. An analog current-mode averager circuit is used for obtaining the defuzzified output of the IT2 fuzzy logic controller chip. The chip is designed for two inputs, one output and nine tunable fuzzy rules and is realized in 0.18 µm technology. Cadence Virtuoso Schematic/Layout Editor has been used for the chip design and the performances of all the circuits are confirmed through the simulations carried out using Cadence Spectre tool. The proposed architecture has an operation speed of 20 MFLIPS and a power consumption of 20mW. The whole chip occupies an area of 0.32 mm2.
Internal auditing departments are led by a chief audit executive ("CAE") who generally reports to the audit committee of the board of directors, with administrative reporting to the chief executive officer (In the United States this reporting relationship is required by law for publicly traded companies).
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Here's a roundup of crucial questions to prepare you for success: Remember, preparation is key to showcasing your expertise and confidence during an audit scenario-based interview.
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[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
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In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
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• Three (3) key tips to maintain a disciplined workplace.
1. Internal Audit Best Practice –
Audit Report Writing
APRIL 2016 – DEAN JONES CONSULTING
2. Presenter Experience
A results driven, detailed orientated, customer-focused risk and
control management professional with extensive experience in
planning, supervising and completing internal audits. Experience in
insurance, banking, investment management, retail and with local
authorities in the United Kingdom, Switzerland, Canada and the
United States.
An understanding of, and experience with, accounting practice and
principles, GAAP, GAAS, SOX and IT knowledge and practice. In
addition to exceptional written and verbal communication skills, the
presenter has demonstrated effective leadership and development
of Internal Audit personnel.
Having recently launched a new business, Dean Jones Consulting,
provides training solutions to businesses and individuals.
3. Agenda
This presentation will focus on the art of writing a best
practice Internal Audit report. We will cover the
following:
Purpose of the report
Recap of the fieldwork
Closing meeting(s)
Format of the report
Spelling and Grammar
Review and delivery
Readership of the final report
4. Purpose of the Report
The purpose of the Internal Audit report is to
communicate to those on the approved distribution
list, the:
Scope of the audit
Summary of the area reviewed
Timing of the audit
Conclusions and results of the Audit
Actions recommended/agreed
Action owners
5. Recap of the Fieldwork
The successful completion of the fieldwork is key to
the production of a quality report. Actions taken at the
end of the fieldwork include:
Draft summary of each finding
Communicate the test results
Hold closing meeting(s)
Document result of the closing meeting(s)
6. Closing Meeting(s)
For a successful closing meeting the following should
be included:
Clearly defined agenda
Direct and to the point
Respectful of business management time
Document the outcome of the meeting
Send minutes to attendees
7. Format of the Report
While there are differences in the specific layout of
reports used by different Audit functions across the
profession, based on the presenter’s past experience
the recommended layout is as follows:
Executive Summary
Findings/actions
Appendix
8. Executive Summary
The Executive Summary includes:
To/From/Title
Background and scope
Conclusion
Distribution list (regular and specific to the audit)
9. Findings/Actions
The following are included in the findings section of
the Audit report:
Recommendations/Actions
Reference number
Impact Levels
Findings
Recommendation/Actions
Due Dates
Responsible Persons
10. Appendix
It is suggested that an appendix of the report could
include two specific documents:
The first would explain how the overall conclusion ratings
are reached.
The second would explain how the individual ratings
applied to each action are reached.
Both of these would be used to ensure consistency
with all the Audit reports issued.
11. Spelling and Grammar
Important issues to consider when writing the report
include:
Ensure that all spelling/grammar is correct
Consider overseas readers
Have another auditor proofread the report
Don’t over complicate the language
Don’t use jargon
Learn from experience
Language should be concise
12. Grammar
The following are areas where mistakes could be
made:
Wrong tense/inconsistency
Incorrect punctuation
Misuse of capitalization
Incorrect sentence structure
Incorrect application of spelling out numbers
Colloquial language
Acronyms not spelled out
Unnecessary technical language
13. Review of the Draft Report
There are two review stages. The first by Audit Management and the
second by the relevant business management.
The first review should be completed within the pre-determined
timescales to ensure that the draft report is issued in a timely manner.
The second reviews also have accompanying timescales communicated
to the individuals in the business reviewing the report.
The timescales for review are in place to ensure that the draft report
remains valid and/or high impact actions are addressed and commitment
to address them is captured in the final Audit report.
These timescales are initially communicated when sending the audit
announcement.
For performance purposes copies of the reviewed report with comments
should be retained from both reviews.
14. Delivery of the Draft Report
Upon completion of the review of the draft report by
Audit management, it must be:
Delivered on time to the applicable individuals to remain
relevant.
Sent in the required format which could be either MS Word
or PDF.
Delivered to a subset of those on the distribution list, i.e.
most appropriate to respond to the recommended actions.
Sent to those on the distribution list by regular or specific to
the audit completed.
Stored in a secure area which can only be accessed by
Internal Audit staff.
15. Delivery of the Final Report
Comments on delivery to consider:
Consider how the report is to be delivered. With email
you can prevent direct redistribution, although anyone
receiving the report could send it using a separate email.
Whereas using the internal post is less secure with no
confirmation of delivery as with email.
The format of the report when sending by email can be
set to MS Word or PDF. By sending as PDF, this can
prevent any changes to the report.
16. Readership of the Final Report
The following are those expected to read/receive the
final report:
Audit Committee(s)/Audit Management
C-Suite
Operational/Financial/IT Management
Regulatory Compliance function
Corporate Law function
Enterprise Risk Management
External Auditors
17. Agreed Actions
The agreed actions (those agreed
recommendations/actions) should be stored in a
secure area on the Audit drive.
High and medium impact actions should be followed
up on a monthly basis until they are closed.
There may be instances in which testing is completed
to verify that the high and medium impact actions
have been completed by their implementation date.
18. Review Process/Feedback
Feedback should be sought from the management of
the area(s) audited. This feedback should be
acknowledged and captured to allow improvements to
be made, where possible to the reporting process.
Examples include:
Accuracy and readability of the report
Timeliness of the draft and final reports
Usefulness of the final report
Ability to implement the agreed actions
19. Thanks and Feedback
Thank you for your interest. To ensure that the
presentation is as beneficial as possible could you let me
have any comments you have on the following:
Topic was relevant
Organized and easy to follow
Experience helpful
Objectives met
Trainer knowledgeable in topic
Please rate each from 1 (highest) to 4 (lowest) and send
to deanjones1368@aol.com. Yours input is appreciated.
20. Contact Details
The following are the presenter’s contact details:
Dean Jones Consulting, 2406 Colony Park Drive,
Birmingham, AL 35243
Email: deanjones1368@aol.com
Website: www.deanjonesconsulting.com
Telephone: 224 725 9953