Internal audit report
An internal audit report communicates the scope, findings, conclusions and recommendations of an internal audit assignment to appropriate recipients. Its form depends on the mandate and audience, and may identify risks, responsible owners and agreed actions.
Worked example
An internal audit report describes a weakness in supplier approvals and recommends independent review and a target date for action.
Common mistake
Do not confuse an internal audit report with the external auditor’s opinion on the financial statements.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AA | Supporting | September 2026–June 2027 |