When should internal auditors communicate findings to stakeholders?

Internal auditors should communicate findings to stakeholders promptly after the completion of the audit. This timing is crucial because it allows stakeholders to receive timely insights and recommendations that can address any identified issues. Prompt communication helps ensure that management and other relevant parties are aware of the audit results while the information is still fresh and can be acted upon effectively.

Effective internal auditing aims to facilitate improvements and enhance organizational processes. Communicating findings in a timely manner ensures that stakeholders have the opportunity to respond, take necessary corrective actions, and make informed decisions based on the audit's outcomes. Delaying this communication or limiting it to specific occasions, such as year-end reports or only upon request, hinders the proactive approach needed for effective governance and risk management. Therefore, promptly reporting findings after the audit is not just a best practice but a key component of the internal audit function's responsibility to support the organization.