What is the audit reporting process and timeline?
The reporting process is ongoing throughout the audit process. During the audit, the audit team will provide updates regarding findings and audit status. At the conclusion of the fieldwork, the auditor will discuss any findings noted during the audit process at the end of fieldwork meeting with responsible parties. This meeting is an opportunity for the client to discuss the findings and clarify any specific areas. The Exit Conference Draft, a draft presentation of the audit report, will then be provided to the director of the area reviewed usually within 30 days of the end of fieldwork meeting. The audit client will be given two weeks to provide feedback. The report is then revised and the draft is issued to the client requesting written responses. There is a 30-day time period for providing the responses. Client responses will be included in the final report. Once responses are received, the Internal Audit Department will issue the final report. The final audit reports are distribute