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Event Details

About

Audit Report Writing

Persuasive communication is an essential skill for auditors at all levels, and high-quality audit reports are a key communication tool. Communication by the auditor is one of the points of measurements by which the client values assess the overlap quality and effectiveness of the audit. Managers and associates who know how to help their staff members as well as themselves become better writers, can do help the audit to put points on the scoreboard.

Most of the auditors find writing audit reports quite difficult, whereas the client usually find it difficult to understand what the factual findings are and what is expected as follow-up. Every audit report should be precise, accurate in its tone and further implications, and as well be user-friendly (i.e. readable and unbiased). The auditor’s report also must be short enough to be readable and long enough to be complete for each identified reading audience. These are the challenges auditors are facing.

Though strong writing skills do can pay huge dividends to the audit department or firm, quite few auditors are actually outstanding writers. After all, the skills of the auditors are generally in technical analysis, not in communications. Also, training professionals how to improve their writing is considered to be costly, time-consuming, sometimes unrewarding, and too often frustrating. Teaching someone how to use the proper language can take years of continuous writing, feedback, rewriting, and more feedback.

Few supervisors, managers or directors possess the skills needed to diagnose the problem, the actual audit finding, in a given audit report; translate that diagnosis into an understanding of why an auditor is writing ineffectively and subsequently coach the auditor so that his or her writing skills actually improve over time.

Instead of prescribing a rigid format and precise expectations of what an audit report does and does not include, this course helps to define the outcomes an audit report should achieve and the target format. By creating rigid criteria, auditors would learn to write to the criteria themselves, rather than to build effective, persuasive arguments for why a finding is important and why an auditee should implement the recommendations.

By participating in this course, auditors will learn how to structure and write reports that meet the applicable professional standards (ISAs), elicit management action, and communicate crucial messages to executives and board-level readers.

1.1.1   Prerequisites

·         Understanding of basic audit principles

  • Experience in communication of audit findings
  • Knowledge of business English, especially written command is advised
  • No advance preparation is required for this course.
  • To avoid formidable handwriting by hand, participants are strongly encouraged to bring their own laptop.
  • Participants are encouraged to bring with them copies of their organization’s audit reports. These will not be shared with others, but can be used by the participant for in-class writing practice and setting specific learning objectives.

1.1.2   Topics

·         Introduction to Communication

·         Introduction to various types of communication (oral, verbal and body language)

  • The three stages of verbal communication

·         Plan the report, draft the report and finalize the report.

  • Analyzing the audience of your audit reports

·         Differences in mindset between the reader and the auditor

  • The audit report in relation with the audit process

·         The elements of the audit observation: nature and cause of the audit findings, conditions and restrictions applicable, criteria, recommendations or action plans.

  • Structuring the report

·         Objectives

·         Scope

·         Conclusions

·         Recommendations

·         Action plans

·         Compliance with GAS, aspects of legitimacy

·         Views of responsible officials

·         Privileged and confidential information omitted

  • Bringing the message

·         Develop a central message

·         Top down method

·         Bottom up yellow stickers

·         Writer’s block

·         Devices for easier reading (summaries, headings, graphs, buzzwords)

·         Report level vs. paragraph level, writing unified and coherent paragraphs

·         Unbiased and using the proper tone, using the appropriate connotations

·         Usage of jargon

·         Misplaced or dangled modifiers

·         Active vs. passive voice in your message

·         Projecting positive or negative consequences

  • Board room presentation

·         Briefing your findings to executive level

  • Review

·         Receiving Feedback

·         Quality assurance Review

·         Revision

  • Specialized reporting

·         Reporting on Sarbanes-Oxley compliance

·         Reporting on investigations, including fraud considerations

·         Reporting on consulting engagements

·         All specialize reporting sections will include a focus  on objectives, scope, conclusions and special considerations

1.1.3   Course objectives

·         Assessing the objectives of audit report

  • Understanding the audience of audit reports
  • Master the components of an audit observation: criteria, conditions/restrictions, causes, risks, effects and recommendations and/or action plans.
  • Learn the typical structure of audit reports, including the structure of executive summaries and boardroom presentations.
  • Examine techniques to enable readers to navigate – to find their way in what they need in the audit report.
  • Receiving and giving feedback on draft audit reports
  • Learn how to write audit reports that prompt management action, communicate at the executive level and board levels, and also meet the professional applicable standards (ISAs).
  • Explore considerations for reports on Sarbanes-Oxley compliance, investigations, and consulting engagements.

This program answers questions such as:

·         How do I draft reports which qualify according to the criteria: accuracy, objective, clarity, conciseness, constructive, convincing, completeness and timeliness?

  • How can I get my audience interested in my report?
  • What is the reaction of the audience going to be to my report’s message?
  • How can I present my findings to the executive level (boardroom presentation)?
  • How should I avoid biased language?
  • How can I develop a collaborative a consultative style?
  • How can I make the process of preparing and issuing my audit report an integral part of the audit process?
  • How does the audit report relate to the International Standards on Auditing (ISAs)?
  • What do the auditee and audit management expect from the audit report?

1.1.4   Course Benefits

·         Identify the criteria for writing clear, unbiased and successful audit reports.

  • Teach management how to diagnose the problem in an audit report.
  • How to coach auditors to write more effectively.
  • How to structure an effective well-supported argument.
  • Be able to think through the details and identify those that are most important, those that will help persuade the auditee to implement the recommendation, and those that are extraneous.
  • Be able to identify the specific criteria for the audit department’s writing standards and client’s needs.
  • How to focus the ideal level of detail, the type of appropriate language, the level of readability and the timing of the delivery of the report.
  • Become more efficient in organizing and writing reports.
  • Put what you learn into practice during the course and plan how to put in into action on the job.

1.1.5   Who should attend?

This course is especially interesting for:

·         Any professional in an Audit Position.

·         Auditors.

·         Consultants.

1.1.6   Number of days and CPE Credits

This three days course is eligible for 18 CPE Credits.

About us

We are a global training, audit and consulting company, dedicated to give first-class international trainings to professionals. We constantly improve and develop our trainings based on the feedback we get and new developments happening around the globe. Started off in March 2009 we have become a strong provider in a niche market.

Our firm is dedicated and specialized in providing training courses and consultancy services, across the globe. We offer public courses on International Public Sector Accounting Standards (IPSAS), audit, financial accounting, fraud, as well as tailor-made in-house trainings and public courses.

In our consulting engagements we always find it key to transfer knowledge; we have excellent skills to work with people of different cultural backgrounds and education. This is what we find important when working on a project: learn from all participants and transfer knowledge to make a lasting improvement and obtain sustainable results.

We don’t believe in investing huge amounts in bricks and overhead; our key asset is our staff. We therefore invest most in training materials; evaluate each and every training thoroughly to have it updated as soon as it needs to be delivered again. This has been our strongest asset and has been recognized by our clients.

 

As a company, and as individuals, we value integrity, honesty, openness, personal excellence, constructive self-criticism, continual self-improvement, and mutual respect. We are committed to our customers and partners and have a passion for training.

We take on the big challenges, and pride ourselves on seeing them through and develop our trainings. We hold ourselves accountable to our customers, shareholders, partners, and employees by honoring our commitments, providing results, and striving for the highest quality and ethics. If this means we may have to refuse a prospect or discontinue our relationship, we will accept this at all cost and effort.

We believe in global market with local presence, that is why we continuously seek for local partnerships. Our people and our clients define what we can do and how we show do it.

 

We believe that training is not only about the exchange of knowledge, between both the facilitator and the delegates, but also a unique opportunity to meet likeminded professionals. Our training experiences therefore differentiate with other courses, by including:

·         A full set of contact details of all delegates (unless delegates have indicated not to share).

·         A photo-session of all delegates.

·         All our courses are eligible for CPE-credits, based on our course descriptions and certificates issued, as endorsed by the Royal Netherlands Institute of Chartered Accountants.

·         All our courses are located in known branded locations such as Marriott, Best Western, Novotel, Hilton or Golden Tulip.

·         Apart from lunches during the training sessions, we offer one complimentary dinner with all the delegates on the last day.

·         Our courses include one social event, varying on the location and season.

·         All delegates receive soft copies of all materials on a personal USB-flash drive, apart from a course binder and an international reference or exercise book.

·         All delegates of an IPSAS course receive a complimentary copy of the current IPSAS Handbook issued by the IPSAS Board.

·         Our public courses have a maximum of 12 delegates.

·         We always have two facilitators to conduct our highly interactive courses, irrespective the size of the training group.

Contact

Perry Pahladsingh, Phone: 0031630386884, perry@pahladsingh.in

Kamhall Jhangiani, Phone: 00919833740760, info-india@pahladsingh.in

Mr. Prince Osei Tutu
Phone:+233264888317
Email: info-ghana@pahladsingh.in

Ms. Scholastica Nimley
Phone: +231-886-540-119
Email: info-liberia@pahladsingh.in

Mr. Joseph Ballah
Telephone: +231-886510265
Email: sales-liberia@pahladsingh.in

www.pahladsingh.in/audit-foundation.php

Schedule

May 13, 2013 — 9:00 am to
May 15, 2013 — 5:00 pm

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Venue

TBD
Dubai, United Arab Emirates

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