Internal Audit Follow-Up Process Follow-up Policy
The Internal Audit Office conducts follow-up reviews to determine the status of management actions and correct deficiencies noted in the audit.
Audit findings/observations, and management’s action plan with anticipated due dates are sent to TeamCentral for monitoring.
TeamCentral automatically emails Process Owners reminders to provide status updates and notifies of delinquent action plans.
ALL information must be entered in TeamCentral by either the Process Owner or a Contributor.
The first revision to an implementation due date MUST be made by the Process Owner in writing with a reasonable explanation and GM/CEO notification.
Additional revisions to implementation due dates must be made in writing with GM/CEO written approval.
Monthly delinquency status reports are discussed at Executive Team Members.
GM/CEO receives a delinquent memo for action plans that are 90-days delinquent.
Commissioners receive a delinquent memo for action plans that are 120-days delinquent.
Delinquent action plans will be escalated to the Commissioners if the risk to the Commission has increased.
Process Owner’s Role & Responsibilities
Own all issues, the risks associated with the issues, and the action plan to mitigate the risks; unless otherwise notified.
Ensure the plan of action is realistic, will mitigate the risk identified in the audit report, and that it has been implemented.
reasonable implementation due dates for management’s plans of action. Timely enter status updates or changes to management’s plan of action in TeamCentral.
Monitor open or delinquent action plans.
Internal Audit’s Role & Responsibilities
Verify that management’s action plan has been implemented and that it effectively mitigated the risk identified in the audit report.
Assist management with maneuvering through TeamCentral.
Consult management on how to effectively close out audit findings.
Report delinquent action plans to the GM/CEO and to the Commissioners on a monthly basis (except for items over 120 days delinquent).
11:57 AM February 07 2017