Writing good quality audit reports is not easy. The subjects covered in our reports are often complex and technical. Out of many months’ audit work we need to produce reports that readers can understand and that are likely to have an impact on politicians and EU citizens.
Issue Analysis/Drawing Conclusions (IADC) is a tool that can be applied at two key stages within the performance audit process, aimed at optimising the way that the audit is defined (IA) and reported (DC).
Increasingly, the use of IT systems is having an impact on audit. The risks associated with IT must be taken into account when evaluating the reliability of accounts, the legality and regularity of underlying transactions and the effectiveness of internal control systems.