Internal Audit Report Ratings

Things to consider when rating your Internal Audit reports and findings

Rating Internal Audit reports and individual findings is a challenge. We can have the best definitions and a robust process for determining what rating should be applied, but findings and ratings can always be challenged by the business. Naturally, nobody wants to receive a bad finding, but is there a better way in which we can deliver our audit findings and recommendations / actions?

In this blog post, we are going to discuss the Internal Audit report rating scale, and raise a series of questions which audit teams should consider when determining what rating scale they are going to use.

Step 1 - What exactly are we rating?

This might seem like a silly question, but audit teams need to consider the following. Are we rating: