Anda di halaman 1dari 2

UPDATED INTERNAL AUDIT FINDING SHEET Template #25

Purpose of the Template:

• Updates the Internal Audit Finding Sheet to complete the 4Cs of an audit finding, i.e.,
Criteria, Condition, Conclusion and Cause after evaluation of the Management Comments
submitted by the auditees
• Discusses the audit conclusion on the finding and the underlying cause/reason for the audit
finding

How to accomplish the Template:

• The audit findings should be based on sufficient and reliable evidence gathered from the
conduct of audit procedures.
• Evaluate the Management’s Comments and incorporate in the analysis of the conclusion and
cause of the audit finding.
• Determine if there is a need for an Internal Audit Unit Rejoinder on the Management
Comments.

Guide in the use of Template:


Element Guidance/Explanation
Description of the Control Gap - Brief discussion of the control gap, weakness or
breakdown noted during the audit
Criteria - All the laws, rules and regulations, issuances and
guidelines pertaining to the control gap
Condition - Actual state of the control area audited established
through the conduct of audit procedures
Conclusion - Evaluation of the criteria and condition. Conclusions
may be in the form of the following:
Compliance or non-compliance to laws, rules and
regulations
Effectiveness or Ineffectiveness of controls
Efficiency or Inefficiency of Operations
Compliance or non-compliance to ethical operations
Economical or non-economical operations
Effectiveness or ineffectiveness of programs or projects
Cause - Immediate and proximate reason/s for the condition for
which substantial evidence will be used as basis of the
audit recommendation
This may include the discussion of the consequence or
effect of the audit finding.
UPDATED INTERNAL AUDIT FINDING SHEET Template #25

UPDATED INTERNAL AUDIT FINDING SHEET # ___

MANAGEMENT
OBSERVATION
COMMENTS
Description of the Control Gap:

CRITERIA

CONDITION

MANAGEMENT COMMENTS

CONCLUSION

CAUSE

Prepared by Reviewed by
Name: Name:
Position/Designation: Position/Designation:
Office: Office:
Date Date