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The internal audit process can be broken down into stages, which have been summarised below.
The customer of the audit should be clear, and they need to agree to its purpose and scope.
Preparing well is crucial for an audit to be successful. You also need to select an appropriate auditor.
Completing an internal audit system review can be broken down into five categories.
The structure of the audit and sticking to your plan is important. The manner in which you conduct the audit is also key to its success.
At the closing meeting and when reviewing your observations and findings, you need to identify causes and make recommendations.
It is imperative that your audit findings are written in a way that makes reference to objective evidence.