What it is
The chief audit executive reports to the audit committee on the plan, the results and the state of governance, risk and control. This template is a short, structured quarterly report that leads with a summary and the decisions the committee must make.
It covers plan progress, significant findings, the status of management actions with an ageing view, ICFR testing and deficiencies, plan and resource changes, complaints, quality and independence, and the decisions requested.
When to use it
- For each audit committee meeting.
- When the plan changes during the year.
- When asking the committee to accept a risk or extend a due date.
What’s inside
- Summary and plan progress
- Significant findings and action status tables
- ICFR section and plan changes
- Decisions requested
Standard cited
This template follows IIA Global Internal Audit Standards (2024). It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
How long should the report be?
Short enough to be read before the meeting. Lead with the summary and the decisions, and move detail to an appendix or to the engagement reports.
Should complaints be named?
No. Report counts and case IDs only, and keep the log in a restricted location.
Related templates
- Internal Audit Annual Plan Workbook
- Control Remediation Tracker
- ICFR Deficiency Communication Memo to the Audit Committee
- Internal Audit KPI Dashboard
Last updated 11/05/2026. All free templates.