The Follow Up
We will request from you a written response that addresses each observation and recommendation made in the final report. You will have 30 days from the date of the report to provide us with your response to our recommendations. The Senior Vice President and Treasurer needs to receive a copy of the response from you.
The response should indicate any action already taken by management to correct the condition or the planned action to be taken in the near future. The reply should estimate the date when corrective action will be completed, as well as the names of the individuals who will be responsible for implementing the recommendations. At a later date, within two months of the issuance of the report, Internal Auditing will follow-up with management to ascertain what improvements have been made.
Many clients extend this working relationship beyond the particular audit. Once we have worked with you on a project, we have an understanding of your unit's unique operations. Therefore, we can provide advice about the feasibility of future changes or modifications to your operations.