Follow Up & Monitoring

Follow up and monitoring are at the heart of the audit function in the organization. If the audit results are not acted upon and improvements are not implemented, the audit results will be useless to the organization's operations.

Follow up is a process by which internal auditors evaluate the adequacy, effectiveness, and timeliness of actions taken by management on reported observations and recommendations in previous audit reports. This process determines whether the desired results were achieved or if senior management or the board has assumed the risk of not taking action or implementing the recommendation.

SKAD works collaboratively with PTJs so that they actively reports and provide evidences where recommendations have been addressed. In implementing follow up audit, flexibility is allowed in the nature, timing and extent of follow-up, considering several factors, including:

a.   Significance of the audit finding;

b.   Effort and cost associated with remediation;

c.   Complexity of the management action plan; and

d.   Impact to the organization if corrective action is not taken or fails.

SKAD’s qualified and experience auditors with versatile skillset are responsible in implementing follow up and monitoring audit. Versatility is an important trait as auditors need to constantly absorb new information as well as remain flexible in a dynamically changing environment.

Well planned follow up audit schedule are designed and evaluated periodically. This approach will ensure SKAD would be able to provide agility in performing audit assignments throughout the annual audit calendar.