Audit Observation Dashboard

The Audit Observations Update Dashboard

Many companies still do not have tools to track, monitor and report audit observations.

The Audit Observations Update Dashboard is a simple design and effective approach to keeping track of, monitoring and reporting on audit observations.

An effective method to strengthen internal controls.

OBJECTIVE & FEATURES

✅ THE DASHBOARD

The Audit Observations Dashboard was created to help you if you do not have automated systems for tracking, monitoring, and reporting audit observations. It is an Excel-based template that can make monitoring audit observations more efficient.

✅ THE OBJECTIVE

• Strengthen Internal Controls

• Addressing manual tracking challenges.

• Excel platform for familiarity.

• Integrated tracking, monitoring, and reporting.

• Generating presentable visual insights.

✅ KEY FEATURES

1. No. of Observations: Displays the total number of observations recorded in the system.

2. Description of Observations: Provides a brief description of each observation made during audits.

3. Level of Risk: Indicates the risk level associated with each observation – High, Medium, or Low.

4. Due Date: Shows the deadline for addressing each observation.

5. Completion Status: Displays whether each observation has been completed (Y) or not (N).

6. Overdue Status: If an observation is past its due date, it's marked as 'overdue.'

7. Bar Graph: A graphical representation of observations categorized by risk level (High, Medium, Low) for easy visualization.

8. Status Column: Provides updates on recent audits, findings, and upcoming audits, giving a snapshot of the audit progress.

9. Justification and Plan Challenges: If an observation is overdue, this column explains the reasons and outlines the plan to address the challenges.

10. Revised Dates: This column highlights revised completion dates for overdue observations.

11. Automatic Updates: Key statistics, such as the number of observations and bar graphs, update automatically as new data is entered.

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