Writing Effective Audit Observations

Topic: Writing Effective Audit Observations

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The key to writing an effective audit observation is having a comprehensive structured process. The Institute of Internal Auditors recommends a process known as the 5Cs:

Criteria

Condition

Cause

Consequences (Effect)

Corrective Action (Recommendation)

Review of the following recommended observation standards in detail:

Criteria (Standard used for comparison of area under review)

Condition (Current status used in the comparison)

Cause (Reason that the Condition does not meet the Criteria)

Consequence (Risk if not corrected)

Corrective Actions (Action needed to manage the risk)

Exercises for each component

Jonnie Keith has been in auditing over 40 years. He retired in 2012 as the Assistant General Manager of Internal Audit with the Metropolitan Atlanta Rapid Transit Authority (MARTA) in Atlanta, GA. He served in that capacity for over 12 years and was responsible for administering the overall audit activities. At this position, he was also responsible for the review and approval of all Internal Audit correspondence including audit reports, executive summaries, internal and external correspondence, etc.

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