Audit-l is sponsored by Audit Leverage (IAD Solutions, Inc.)
www.auditleverage.com
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How good is your follow-up process? At our Company we require a quarterly
response for all open findings. Each responsible respondent is required to
submit a quarterly response on the status of all open findings to the
internal audit department. This is accomplished using a very simplified
excel spreadsheet. Once the response deadline passes then responses
including non-responses are compiled and forwarded to CEO, COO and CFO with
a copy to any EVP's who have individuals in their division that have not
responded. This generally gets the ball rolling as the EVPs hate to be
called on the carpet for a non-response. Since implementing this process
my response rate has improved dramatically and generally is 90 to 100% with
a 79% completion rate. Not sure how this completion rate compare with
other audit shops but I'm pretty satisfied with it..........Chet
"Whitehouse, Don"
<Don.Whitehouse@cacky To: "'[EMAIL PROTECTED]'"
<[EMAIL PROTECTED]>
.com> cc: (bcc: Chet Spruill/CommScope)
Sent by: Subject: Incentives for completing
audit findings
[EMAIL PROTECTED]
ditnet.org
07/30/2002 08:50 AM
Audit-l is sponsored by Audit Leverage (IAD Solutions, Inc.)
www.auditleverage.com
***************************************
My audit committee has asked that I propose methods to incent management to
complete audit findings in a timely fashon. The audit committee suggested
linking completion of audit findings to performance reviews.
Currently, managers are required to set a target completion date on all
audit findings. These dates and subsequent changes are reported to the
audit
committee.
Does anyone have any suggestions or ideas?
Thanks,
Don
Audit Leverage is a department management software package that integrates
and automates the entire audit process. This comprehensive package
includes risk assessment, audit planning, budgeting, staffing, scheduling,
timekeeping, automated work papers, audit findings & recommendations,
reporting and audit follow-up. Audit Leverage allows auditors in the field
to work off-line and dial in to synchronize their work with the Audit
Leverage database on the network, enabling managers to review the work
papers instantly without being at the job site.
Demo available at www.auditleverage.com
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Audit Leverage is a department management software package that integrates and
automates the entire audit process. This comprehensive package includes risk
assessment, audit planning, budgeting, staffing, scheduling, timekeeping, automated
work papers, audit findings & recommendations, reporting and audit follow-up. Audit
Leverage allows auditors in the field to work off-line and dial in to synchronize
their work with the Audit Leverage database on the network, enabling managers to
review the work papers instantly without being at the job site.
Demo available at www.auditleverage.com
If your organization would like to sponsor this discussion list send an e-mail to
[EMAIL PROTECTED] for information.
To unsubscribe to the Audit-l list send an e-mail to [EMAIL PROTECTED] Leave
the subject line blank and include the following message in the body:
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Thanks,
Jim Kaplan
List Manager
