Working together you may find compensating controls that work, find the issues were isolated to a narrow set of circumstances or find that the auditor needs to talk to the right person.
As your auditor, we work with you early on to discuss potential audit findings before they make it to the audit report. Local educational agencies (LEAs) must respond in the audit report to any audit findings. Common internal control deficiencies to be aware of include:įailure to provide complete and accurate informationĭeficiencies that could result in violations of lawįailure to follow up on prior year findings You may be able to implement their recommendations before the audit cycle and avoid findings. Ask the auditor to look at the internal controls and provide you with feedback.
#Significant audit findings how to
Discuss in your pre-audit meeting with our auditor new or concerning financial and compliance areas and how to best put proper controls in place. Having exemplary internal controls in place will help reduce potential audit findings. Pre-audit planning helps to avoid findings, or at least minimize the negative consequences. Ideas for Pre-Audit Planning to Improve Controls and Avoid Audit Findings We make, without extra charge, practical suggestions for improvements. Need better inventory controls over laptop computers? Wondering how many people you need to have segregations duties over cash receipts? What are compliant federal program timekeeping requirements? The auditors at Christy White have specialized experience to share with you garnered from auditing hundreds of local educational agencies.
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