Audit Committee Report - Internal Audit Plan

This tool contains seven sample audit reports that can be used to evaluate and improve the internal audit plan. 

In these samples, internal audit activities include establishing the company’s internal audit budget and obtaining audit committee approval for the internal audit plan, meeting with management and external auditors for yearly risk scoping exercises, and testing the operating effectiveness of key controls in conjunction with walk-throughs. Audit plan highlights include an increased focus on corporatewide processes, identified cash flow and working capital improvement opportunities, and information technology auditing conducted at a significant level.