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Chapter 4

Reporting

Unlike an external audit report, the internal audit report does not have a formal
reporting structure. It is likely that the format is agreed with the audit committee or
board of directors prior to commencing the assignment.

These reports will generally be for internal use only. The external auditors may
inspect them if they are intending on placing reliance on the work of internal audit.

A typical report will include:

 Terms of reference – the requirements of the assignment.

 Executive summary – the key risks and recommendations that are described
more fully in the body of the report.

 Body of the report – a detailed description of the work performed and the results
of that work.

 Appendix – containing any additional information that doesn't belong in the body
of the report but which is relevant to the assignment.

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