{"id":222490,"date":"2022-05-30T09:00:28","date_gmt":"2022-05-30T07:00:28","guid":{"rendered":"https:\/\/intermediate.pro\/?p=222490"},"modified":"2022-05-25T16:48:58","modified_gmt":"2022-05-25T15:48:58","slug":"ensuring-the-follow-up-of-management-letter-items","status":"publish","type":"post","link":"https:\/\/intermediate.pro\/en\/blog\/audit-risk-and-compliance\/ensuring-the-follow-up-of-management-letter-items\/","title":{"rendered":"Ensuring the follow-up of management letter items and audit findings? This is how to do this!"},"content":{"rendered":"

Many organizations have to deal frequently with management letters and findings from internal audits. Management letters like reports from external accountants to the supervisory board or a company management. But they often have trouble resolving those points or providing proper follow-up.<\/p>\n

In this article we give you a number of practical tools to better organize the follow-up of findings from management letters and internal audits. Use it to your advantage!<\/p>\n

Which <\/strong>items <\/strong>are covered in a management letter and internal audit?<\/strong><\/h2>\n

A management letter often contains findings and recommendation about the operational management and administrative organization of a company. For example, consider the internal control of processes and risks or the design and cost efficiency of the IT environment, but also the administrative organization of a company or institution and current developments in the financial and policy areas.<\/p>\n

An internal audit mainly focuses on the proper and reliable functioning of business processes and working methods.<\/p>\n

Follow-up frustration <\/strong><\/h2>\n

Organizations often have difficulty translating the findings and recommendations from management letters and internal audits into proper follow-ups and targeted improvements. The subject is (too) complex, while monitoring follow-ups and improvements is difficult due to the lack of good systems and dedicated experts. This is a shame, especially because targeted improvements take off slowly or not at all. This also detracts from the added value of management letters and internal audits.<\/p>\n

The solution: 7 tools for utilizing findings<\/strong><\/h2>\n

Fortunately, there are proven methods for extracting maximum value from findings arising from management letters and internal audits. We take a look at the most important ones.<\/p>\n