As internal audit develops, increasingly the focus is not only on what is audited but how results are reported and utilized to deliver value. Global Internal Audit Standards (GIAS) Domain V – Part 2 focuses on this notion—implementing appropriate measures to ensure that audit findings are not just accurate and credible but also timely, effective, and fit-for-purpose.
This article discusses how Domain V – Part 2 enhances the worth of internal audit and the reasons why it’s a critical area of focus for professionals who want sophisticated audit training.
What Does Domain V – Part 2 Encompass?
Domain V of the GIAS deals with “Communicating Results and Monitoring Progress.”
Part 2 specifically covers:
Presenting reports that are objective, clear, and actionable
Ensuring results are communicated to the correct stakeholders in the correct time
Tracking and following up on audit recommendations
Quantifying the effect of the audit work
This part emphasizes that an audit’s true worth is in driving decisions and change—not only in detecting risks.
Why It Matters
Historically, internal auditors have spent a great deal of time on process review and compliance. But with today’s changing risk landscape, auditors are now supposed to provide insights that make a tangible impact.
Domain V – Part 2 verifies that internal audit:
Improves decision-making through clear, pointed communication
Encourages accountability with follow-up and tracking provisions
Proves impact with performance measurements and stakeholder feedback
Facilitates agility by putting timeliness and clarity ahead of unnecessary documentation
Best Practices for Implementing Domain V – Part 2
Following are some tried-and-tested methods to excel at this domain, particularly when integrated into systematic audit training:
1. Utilize Clear, Concise Language
Steer clear of jargon and provide actionable suggestions. Target the message to the audience—executives need high-level overview, whereas process owners might require detail.
2. Visualize Key Findings
Reports can become easier to read and more compelling with charts, heatmaps, and risk matrices.
3. Adopt a Follow-Up Process
Automated tools or an audit management system can be used to monitor the implementation status of findings. This aids in accountability and long-term improvement.
4. Request Feedback
Feedback should be requested from stakeholders after a report has been released. It assists in sharpening your message and demonstrates an interest in working together.
5. Make Technology Work for You
Use dashboards or portals within your LMS or audit platform to provide stakeholders with real-time updates.
Including Domain V – Part 2 in Audit Training
For effective instruction and implementation of this domain, contemporary audit training programs—particularly through an LMS—ought to:
Provide interactive reporting simulations
Provide templates and checklists for follow-up action
Share case studies of how clear communication prompted actual change
Offer feedback loops and scenario-based practice
A quality Affordable LMS or Best Value LMS will facilitate modular, self-directed learning with integrated tools that reflect actual applications.
Last Thoughts
GIAS Domain V – Part 2 reorients the internal audit focus to outcomes that matter. Simply discovering risk is not enough—auditors need to report findings with clarity and intent, with action following.
Implementing this principle into your audit training programs supports the development of not only compliant, but actually influential teams. As the internal audit function becomes increasingly strategic, expertise in this area is essential to remaining relevant, responsive, and respected.
