Friday, April 10, 2009

Improve Internal Audits

Like zero-based budgeting, determine what audits to perform, not just repeat last year

Envision potential value of recommendations, to ensure that higher-value areas are covered

Define audit objectives in detail to avoid over-extending resources

Use established formats for every audit process step to slow the flurry of emails

Risk assessments should use process owners input

Audit tools are fine as long as auditors understand what is obtained and tools limitations

Not only false positives are audit tool problems, but are things fine if no exceptions show up?

Audit findings should be meaningful, not just enough to fill up a report

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