This session will explore the steps necessary to take to determine if an exception is a finding. We 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
Use provided guidance to evaluate results of internal control over compliance and compliance testing.
Determine the reporting requirements of a single audit.
Use provided best practices to evaluate and report findings in a single audit.