This also detracts from the added value of management letters and internal audits. This is a shame, especially because targeted improvements take off slowly or not at all. The subject is (too) complex, while monitoring follow-ups and improvements is difficult due to the lack of good systems and dedicated experts. Organizations often have difficulty translating the findings and recommendations from management letters and internal audits into proper follow-ups and targeted improvements. 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.Īn internal audit mainly focuses on the proper and reliable functioning of business processes and working methods. Use it to your advantage! Which items are covered in a management letter and internal audit?Ī management letter often contains findings and recommendation about the operational management and administrative organization of a company. 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. But they often have trouble resolving those points or providing proper follow-up. Management letters like reports from external accountants to the supervisory board or a company management. Many organizations have to deal frequently with management letters and findings from internal audits.
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