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Entrance Conference |
A formal meeting to discuss the nature and scope of the audit, and the operational characteristics of the department to be audited. |
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Audit Fieldwork |
The gathering of evidence through observation, inspection, confirmation, etc. to enable a reasonable basis for an opinion or conclusion about controls, compliance, performance, etc. |
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Update/Informational Conferences |
Periodic meetings between auditor and management of the department to obtain or provide information about audit issues and to review preliminary audit findings. |
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Exit Conference |
A formal meeting to discuss the preliminary audit findings and draft audit report. Also, to discuss the report distribution process. |
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Draft Audit Report |
Delivery of draft audit report, which includes audit findings and recommendations, for department's responses and feedback on presentation. |
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Department's Responses |
Submission of department's responses to audit recommendations for inclusion in the report. |
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Final Audit Report |
A survey to determine where improvements need to be made in the audit process. |
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3 Month Status Report |
Approximately three months after the issuance of the audit report, Internal Audit will request a status report of the department's action plan. |
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6 Month Compliance Review |
Approximately six months after the issuance of the audit report, Internal Audit will review and report on the extent of implementation of recommended corrective actions. |