Reporting the right amount of detail to the right people for internal audit action tracking in an innovative way.
Reporting on open audit actions (I.e action tracking), can take many different forms. Firstly, we need to understand the audience and who exactly we are reporting to. We then need to understand why we are reporting to them. And lastly, we need to determine how often we should be reporting to them.
Each group we report to will have extremely different reasons on why we need to report to them and the frequency, yet internal audit doesn’t have endless hours to constantly prepare open audit action reports.
In this post, we’re going to discuss the groups which need frequent open action item reporting, why they need this reporting, what level of detail they need, and lastly, innovative ways which we can provide this information, yet save ourselves within audit extremely valuable time.