1. Operational Auditing--Spring 200811-1 Audit Finding Components n Condition n Criteria/Standard n Effect: Relate to 5 Control Objs. n Cause n Recommendation

2. Operational Auditing--Spring 200811-2 Recommendation Considerations n Does it solve the problem? n Is it feasible for the auditee? n Is it compatible with the auditee’s ops.? n Is it cost effective? n Is it a long or short-term solution?

3. Operational Auditing--Spring 200811-3 Other Issues n Audit Findings Summary (pps. 384-385)

4. Operational Auditing--Spring 200811-4 Reporting Standards n Signed written report n Pre-issuance discussion n Clear, objective reporting n Purpose, scope & results required n Recommendations optional n Auditee response optional n Review of report & distribution

5. Operational Auditing--Spring 200811-5 Report Use n Audit Staff n Work summary n Action catalyst n Training n Evaluation n Follow up

6. Operational Auditing--Spring 200811-6 Report Use n Operating Management n Action catalyst n Support n Visibility n Evaluation n Top Management n Visibility n Audit scope n Objective insight

7. Operational Auditing--Spring 200811-7 Closing Conference n Audit review n Major findings n Other findings n Report review logistics n Audit conduct feedback n Thank you’s

8. Operational Auditing--Spring 200811-8 Report Model n Cover n Formalities n Executive Summary n Findings n Major n Other n See checklist at p. 428

9. Operational Auditing--Spring 200811-9 Effective Writing n Gather information n Conversational style n Keep it short & simple n Active voice n Familiar vocabulary n Use captions n Use italics and white space n Use graphics & footnotes

10. Operational Auditing--Spring 200811-10 Other Reporting Issues n Interim updates n Distribution n Audit Committee n Senior Management n Department Management n Internal Audit n External Audit