This internal audit engagement memo informs an auditee of an upcoming audit and includes the objectives of the audit, proposed timetable and audit team members.

In this sample, internal audit solicits a meeting with the department head to discuss audit objectives and seek input. The team will audit results and potential recommendations of the audited area with management before scheduling an exit conference with the department head. The department head will receive a draft audit report prior to the exit conference and a final audit report after the exit conference.