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What is an audit finding?

An audit finding consists of audit results and conclusions based on appropriate analysis and evaluation.  Audit findings may be positive (e.g., "...no duplicate payments were found...") or negative (e.g., "...vendor overpayments were found..."). Findings usually result in recommendations that will assist an area to better achieve its business objectives.  There are five elements of a finding:

  • Condition:  What is the problem/issue?  What is happening?
  • Cause:  Why did the condition happen?
  • Criteria:  How do we, as auditors, know this is a problem?  What should be?
  • Effect:  Why does this condition matter? What is the impact?
  • Recommendation:  How do we solve the condition?  How do we address the cause?