Course Information

Have you ever reviewed an audit finding issued in a prior audit year and questioned what the auditors were trying to achieve? This course takes attendees through key elements for creating “value-added” findings that deliver results. We will discuss what it takes to complete a detailed root cause analysis and review the basic components of a finding. From there we will go to a deeper level and cover the different types of findings, when to consider implications associated with long-term finding resolution, how to navigate project management backlogs, and addressing audit committee implications for delayed management action plans.

• Discuss the elements of an audit finding

• Discuss when and if a control weakness is a finding or just a verbal comment

• Review internal audit industry requirements for issuing and managing audit findings

• Compare and contrast an audit finding vs a “value- added” audit finding

• Discuss how to conduct root cause analysis

• Discuss why auditors should anticipate management’s action plans

• How to revise findings that require long-term action plans

• How to help management navigate project management backlogs

• Discuss when and how to address audit committee implications for delayed management action plans

Prerequisite not required.

§  TAC Rule 523.142(g) requires the CPE Sponsor to monitor individual attendance and assign the correct number of CPE credits. Participants will be asked to document their time of arrival and departure in compliance with this Rule. Additionally, attendance will be monitored throughout the day and CPE certificates will reflect actual attendance of each participant.

To see answers to our Frequently Asked Questions, visit Texas State Auditor's Office - Professional Development FAQs