This session will explore the steps necessary once an exception has been noted to determine if it is finding. The session will also explore how to properly classify, report, and communicate findings in accordance with the regulatory requirements. The session will cover:
•An update on evaluating and reporting audit findings
•How and if to modify the audit strategy if a finding is identified
•The required reporting elements of a findings under GAGAS and the Uniform Guidance
•Attendees will be provided guidance on evaluating results of internal control over compliance and compliance testing.
•Attendees will learn the reporting requirements of a single audit.
•Attendees will be provided best practices for evaluating and reporting findings.