Making timely and practical use of audit findings should be a key part of a public entity’s internal control system. When a public entity’s auditor provides audit findings, the public entity should develop a corrective action plan to resolve each finding. The corrective action plan should identify the person responsible for resolving the finding and the anticipated completion date for resolution of the finding. Progress on resolving the findings should be monitored by the entity's governing body until the findings are either fully resolved or no longer applicable.


Date this Avoiding Pitfall was most recently published: 4/26/2019