Resolving confusion

Tel. +44(0)7901 931387  



Welcome to the TomJak blog


The blog is intended for comment  and discussion on news in financial services, internal audit training and report writing.


The editor, Chris Hollands, has a cynical view on this small but important world and just wants it to get better.

By tomjak, Jan 4 2017 05:27PM

To misquote Donald Rumsfeld, the problem with most internal audit departments is that they don't know what they don't know ! They have never sat down and determined what they expect of the people they have working for them let alone measured their abilities against some pre-determined set of skills or needs.

Thus, in some ways just throwing training at people is pointless, particularly if you haven't identified a specific need for it !!

Notwithstanding an identified need for training, as I talk with Heads of Audit I hear the constant complaint about the quality of audit report writing and I can but agree. Most internal audit reports I read miss the point completely and ignore basics like Root Cause Analysis.

To be frank, we probably don't need a detailed baseline competence study in each case to determine this, it seems to be the norm across the board, as long as a report is the medium of communication on "what I did and what I found" there will always be room for improvement.


You may also wish to subscribe to the weekly newsletter Critical Comment.