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Reporting - Potential Issues List Workpaper Template

Updated: Oct 20, 2019


As we progress through an audit, there will be a number of observations / findings / issues, which may warrant being included in the final report, or at a minimum, followed up to verify whether the issue exists or not.


To ensure audit teams keep abreast of the issues which have been identified throughout the audit, it is beneficial to maintain a Potential Issues List. The template should be saved in a central location and should be accessible by all team members, allowing them to update the document as they progress throughout the audit. The benefits of maintaining a central issues listing include:

  • The audit lead and audit manager are able to check this document throughout the audit to understand the status of the review, what issues are arising and if there are any major issues, take immediate action on these;