Internal Audit Handbook（2007）B6-Reporting.pdfVIP

The SAP®-Audit Roadmap as a Working Basis for Internal Audit B | 5 | 5.1 Reporting Basics of Reporting 5 Reporting 5.1 Basics of Reporting 5.1.1 Professional Principles Key Points ••• • The results of the fieldwork conducted by Internal Audit are summarized and documented in an audit report. • The reporting principles for external auditors apply also to Internal Audit’s work. • Impartial reporting must be complete, truthful, and clear. • To ensure that the information is optimized, the reports should be made avail- able as quickly as possible. • Depending on the addressee, there are different reporting formats and writing styles. The results of the fieldwork conducted by Internal Audit are compiled into a final ContentContent audit report, which contains objective, expertise-based information on the results ofof thethe AuditAudit ReportReport of the audit. At the same time, the audit report serves as a record of the work per- formed by Internal Audit employees. The IIA has issued professional guidelines for proper reporting. External auditors’ reports must be complete, impartial, and accurate. The AICPA ReportingReporting RequirementsRequirements provides guidance for the completion of audit work and standardized reporting practices for external auditors. Internal auditors can follow these standards as well. The following paragraphs provide a brief explanation of main principles of report- ing and communication, including completeness, truthfulness, and clarity. The requirement of completeness prescribes t