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Specimen Internal Audit Report: Appendix 15
Specimen Internal Audit Report: Appendix 15
Specimen Internal Audit Report: Appendix 15
Specimen
internal
audit report
Overall rating and summary of findings Overview
Accepted PIOs 0
Governance, Code & Ethics
Finance & Commercial
Procurement
People
Quality
Information Systems
0 5 10 15 20 25 30
Governance
, Conduct
and Ethics
Finance and
Commercial
Etc.
Detailed findings
This section summarises in the form of performance improvement observations
(PIOs) the issues arising from this review that we believe require action. PIOs are
rated using the scale in the legend below:
HIGH: Issues referring to MEDIUM: Issues referring LOW: Issues arising that
important matters that are mainly to matters that have an would, if corrected,
fundamental to XYZ’s system of important effect on XYZ’s improve XYZ’s internal
internal control.We believe that controls, but do not require control in general,
the matters observed might immediate action. A business but are not vital to the
cause a business objective not objective may still be met in full or overall system of
to be met or leave a risk in part or a risk adequately internal control.
unmitigated and need to be mitigated, but the weakness
addressed as represents a significant deficiency
a matter of urgency. in the system.
No Priority Issue Risk Performance Management Responsibility/
Improvement Response Date
Observation
1 LOW
2 HIGH
MEDIUM
Etc.
3
Appendix: Scope of work and audit approach