Reviewing whether Calderbrook Building Society's closed audit findings really stay closed: the external auditor re-tested 30 findings reported closed and found 11 still open — five fixed only by a document, three by a one-off, two in another system and one by an unsigned acceptance. The closure staircase then rises through eight ever-stronger claims — reported closed, criteria agreed, evidence supplied, evidence tested, operating, authority confirmed, root cause removed and stays closed — each carrying a real finding and its re-test result, up to 44 of 48 closures holding against a 90 per cent target reported to the Audit Committee.

CY-EXPERT-088Expert Level · Audit Management

Audit Finding Closure Review

An expert-level audit course on adversary-aware review of finding closure - assuming closure evidence may be optimistic, incomplete or prepared for the audit, and testing whether the fix genuinely holds. Climb the Closure Staircase - eight treads, one per chapter: why closed findings reopen; closure criteria written when a finding is raised; screenshots, system-generated reports and re-performance; self-assessed closures, independent validation and re-test sampling; design versus operating effectiveness over a period; closures by risk acceptance nobody entitled signed; repeat findings, root cause, ageing and extensions; and reporting closure quality, not closure counts, to an audit committee.

18 hours8 chapters32 lessons225 activities8 labs

What you'll learn

Reconstruct reopened findings, classify closure failures by mode, and measure a baseline hold rate with a criterion fixed before selection.
Write six-field closure criteria at raising, agree them with owners, escalate disputes, and place criteria under change control.
Grade closure evidence from document to re-performance, test screenshots and reports for integrity, and set minimum levels by rating.
Compare self-assessed and validated closures, size and run attribute re-test samples, and enforce validator independence.

Price:৳12,000