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Reporting & Follow-Up

Audit Services performs post-audit follow up reviews to verify completion of your management action plans. Follow-up timing is based on the priority (risk) level assigned to each audit observation.

After the audit report is issued, if you have open management action plans, we will periodically contact your unit to review the status of management’s action plans in advance of the follow-up process.

During the follow-up review, we will verify the completeness and implementation of management’s corrective actions. A follow-up memo is issued at the conclusion of the review.

The timing for the issuance of the memo depends on the observation level of priority: Corrective actions for high-priority observations are expected to be completed within six months of the report issue date unless otherwise indicated in a management action plan. Corrective actions for medium-priority observations are expected to be completed within one year of the report issue date unless otherwise indicated in a management action plan.

We will follow up every six months until all management action plans are implemented.

Audit Services delivers a summary of all audit activity to the Finance, Audit and Investment Committee (FAIC) on a periodic basis. This summary includes information on the status of follow-up actions.