Weekly Wrap – 12th March 2015


Hi I am Tom McLeod, Co-Founder of McLeod Governance.

This is what I would be thinking about this week.

I was asked in this last week a very interesting question.

Best Audit Report Ever Written

What is the best audit report that I have ever written?

My answer, I suspect, surprised the questioner.

My response was that the best audit report that I have ever written is the one that I didn’t write.

The questioner asked me why that was the case and I took them through my logic.

Audit reports are designed to improve the control environment of the organisation of which you are examining.

Bayonetting the Wounded

You can do that in many ways.  One way is to, obviously, write the audit report.

But for many people – to use the phrase that I dislike – you are bayonetting the wounded.

Another Alternative

So instead if you are asked to observe the situation and you are asked early enough to observe it – not writing the report, i.e being consulted and giving your opinion before the structure is set up or in its infancy can be incredibly powerful and much more effective than writing a report after the matter is finished.


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