Internal Control Review Conclusion/Opinion Guide – Writing Example
This sample outlines writing examples for conclusions and opinions on an internal control review.
The focus areas include: conclusion (opinion), quality of the system of internal control, compliance with established policies and procedures, accuracy of information, assessment of risk associated with present environment, and urgency of corrective action by management. There were three types of conclusion: adequate (unqualified), requires improvement (qualified) and inadequate (adverse). Control points and risks have been identified and implemented. Audit findings relate to improvements in existing controls and suggestions for alternative or additional control procedures.
Checklists & Questionnaires