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The Tale of the Unplanned Internal Audit part one
audit planning

Chapter 1: The Unseen Storm

In a bustling office in the heart of downtown, where coffee cups never seemed to empty and keyboards clicked in a symphony, there was a company named TechSolutions. Known for their cutting-edge software and innovative solutions, they thrived on creativity and spontaneity. Yet, within their walls, there was one area where they faltered—project planning and managing internal audits.

Sarah, the newly promoted Chief Financial Officer, was settling into her role when she received an ominous email. The subject line read: “Internal Audit Notification.” The company’s annual internal audit was scheduled for next month. Panic set in as Sarah realized they were woefully unprepared. The audit required meticulous documentation, clear financial records, and well-structured processes—all things that had fallen through the cracks in the whirlwind of daily operations.

Chapter 2: The Initial Scramble

Sarah called an emergency meeting with her team. Faces around the table reflected her own anxiety. “We have four weeks to prepare for the internal audit,” she began, “and we need to get our act together. Fast.”

The team divided the tasks: gathering financial records, reconciling accounts, and ensuring compliance with regulations. However, without a project plan, chaos ensued. John from accounting couldn’t find half of the invoices from the last quarter, while Emily from compliance was drowning in a sea of unread regulatory updates. Meetings were held daily, but without a structured approach, they only seemed to add to the confusion.

Chapter 3: The Avalanche of Issues

As the audit date approached, the lack of project planning became glaringly evident. Deadlines were missed, and tasks were duplicated or overlooked. Sarah found herself putting out fires instead of leading the charge. The stress was palpable, and the team’s morale plummeted.

When the internal auditors finally arrived, they were greeted with stacks of unsorted documents and incomplete records. The auditors’ stern faces spoke volumes, and Sarah knew they were in trouble.

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