This sample report can be used to present recommendations and action plans to management upon completion of a quality assurance review (QAR). Additionally, this report shows how implementation suggestions can be structured and presented, along with dates of expected completion. Report sections include meeting objectives, current status review, implementation steps, audit committee expectations and implementation plan options.
Some of the implementation plan steps outlined include:
- Re-engineer the department to improve efficiency and meet objectives intended for the function.
- Process map all internal audit department-specific processes, including the budget process.
- Create a new standard work approach that includes items to be performed during each audit.
- Communicate the risk assessment methodology to the audit committee.
Quality Assurance Function Charter
Quality Assurance Review Plan Report
Checklists & Questionnaires