AUDIT NAMEAudit Committee Date

BACKGROUND (Describe the risks that led us to

perform this audit or identify how it appeared on the audit plan (e.g., special request).

PURPOSE AND SCOPE Purpose: (Describe)

Scope: (Describe, including time period)

GRAPHIC (Use this area for an overall graphical

representation of the process or significant issues.)

SUMMARY No issues require Audit Committee action

(or list which issues do require it). Organization on a scale of 1 to 4: X Opportunities

(Summarize in two or three bullet points. Take from detail report.)

Potential cost savings or revenue enhancement = $X thousand

Internal Audit labor cost for to perform = $X thousand

HIGH IMPACT ISSUESIssues Action Plans

NEXT STEPS X of X action plans already complete. Substantially all action plans to be

complete by xx/xx/xxxx. Internal Audit will follow-up.