Audit Methodology. 14.1 Contract compliance audits will be undertaken under the provisions of clause 13 of this agreement. Other audits may occur as the result of strategic industry audits or in response to a specific complaint or a series of complaints.
14.2 The auditing of contracts for the purchase of training will use the methodology that observations will be raised for minor matters found during the audit. Where whole Service Obligations, or a significant aspect of a Service Requirement or other term or condition of this agreement is not being complied with non-compliance will be raised.
14.3 Following the audit, the auditor will provide verbal feedback to the RTO and a written report to the General Manager, Skills Tasmania. The report will then be reviewed and appropriate action taken as follows:
14.3.1 Where no observations or non-compliances were noted, a copy of the audit report will be forwarded to the RTO acknowledging its compliance with this agreement.
14.3.2 Where observations have been noted, the RTO will be expected to include these in its continuous improvement process. Observations noted in one audit may be followed up at a following audit to determine what action has been taken to rectify them.
14.3.3 If non-compliance has been identified, Skills Tasmania’s Authorised Officer will contact the RTO to negotiate an action plan to clear the non-compliance.
14.3.4 Pending clearance of the non-compliance, Skills Tasmania may elect to impose one or all of the following sanctions: • no payments will be made under existing contracts; • no new contracts will be issued; • no payments for new commencements will be made; and • in the case of User Choice, no new Training Contracts nominating the RTO will be approved. • a RTO’s Endorsed RTO status will be reviewed.
14.3.5 If the non-compliance is not cleared in the agreed timeframe and the RTO has made no attempt to re-negotiate the action plan, all payments to the RTO will be suspended until the matter is resolved.
14.4 Skills Tasmania reserves the right to impose further sanctions against the RTO if it is considered the situation warrants further action; this may include exercising its power under Clause 15 of this schedule and cancellation of all or any contracts between the RTO and Skills Tasmania.
14.5 The RTO must retain all documentation relevant to this agreement for at least seven (7) years subsequent from the year to which they pertain.
Audit Methodology. (1) The Territory will conduct audits at the times and in the manner set out in the Audit Guide for Training Providers in the ACT.
(2) The Recipient must comply with the requirements (including timeframes) specified in the Audit Guide for Training Providers in the ACT.
(3) The Territory may annually publish audit results, including aggregate data in respect of the Recipient on:
(a) number of audits conducted;
(b) number of non-compliances identified;
(c) number of RTOs suspended; and
(d) financial sanction applied.
Audit Methodology. (i) The first stage of the audit as carried out by ASM Quality Certification is to carry out Stage 1 audit, a review of the client's documentation with respect to the appropriate standard(s). This is to be performed onsite at the client's premises in conjunction with the client's management representative.
(ii) On satisfying the auditor on the compliance of the documentation and site requirements (if applicable), a report is produced and Stage 2 audit date is agreed and an audit is carried out by the auditor(s). If further visits are required due to non-compliances found, these will be undertaken and extra charge will be incurred by the client. The on-site audit is carried out using client manuals and procedures and by interviewing relevant member of staff regarding their working practices.
(iii) After certification, if the client changes anything which significantly affects the registration, then ASM Quality Certification must be informed. ASM Quality Certification reserves the right to re-audit if necessary.
(iv) Triennial / Renewal audit is required by ASM Quality Certification. All non conformances if any has to be closed prior to Triennial / Renewal audit
Audit Methodology. 33.8.1 Without limitation to the generality of the foregoing provisions of this clause 33, the Audit Methodology of the XxxX Solution Provider will be subject to audit by the Combined Authority from time to time. The XxxX Solution Provider shall:
(a) ensure that:
(i) the Audit Methodology identifies omissions in the relevant process being audited; and
(ii) all features, functions and facilities ascribed as part of the Services and the XxxX Platform (or any parts of them) which are not provided or managed by the Service Provider in accordance with this Agreement are identified and addressed;
(b) provide details of the Audit Methodology, which shall be:
(i) at least equivalent to Good Industry Practice; and
(ii) to the Combined Authority’s satisfaction;
(c) if the Combined Authority considers that the Audit Methodology is not at least equivalent to Good Industry Practice, the Combined Authority shall be entitled to require the XxxX Solution Provider to:
(i) adopt a more rigorous Audit Methodology in line with Good Industry Practice. Such methodology shall be adopted by the XxxX Solution Provider as the Audit Methodology within fifteen (15) Working Days of the Combined serving notice on the XxxX Solution Provider requiring it to do so; and/or
(ii) implement any other recommendations made by Combined Authority Personnel in relation to the Audit Methodology from time to time at no additional cost to the Combined Authority;
(d) implement the Audit Methodology.
Audit Methodology. Audits shall be carried out against documented processes and procedures developed by the Authority. The Authority shall incorporate into this documentation:
a. The requirements of Commission Decision EU 677/2006 setting out the guidelines laying down criteria for the conduct of audits under Regulation (EC) No882/2004 of the European Parliament and of the Council on official controls to verify compliance with feed and food law, animal health and animal welfare rules.
b. established practices as set out in ISO 19011: Guidelines for Quality and/or Environmental Management Systems Auditing.
Audit Methodology. Audits shall be carried out against the current revision of the Authority’s documented protocol “The FSAI Audit Scheme”.
Audit Methodology. Entry conference was held with senior management of OMCs on 20 July 2018 wherein audit objectives, scope and methodology were discussed. The field audit was conducted during the period from August to November 2018. This included collection of statistical data from Retail Headquarters of OMCs and visits of audit teams to selected Retail Outlets (ROs) and offices controlling ROs. Out of total 55,013 ROs (as on 31 March 2017), 188 ROs were selected on sampling basis for detailed audit.
Audit Methodology. IT audit was conducted by adopting the following methodology: • Entry conference was held with Management in August 2018. • The table data of FICO and other related modules pertaining to the audit period, as furnished by the Company, was analysed using CAATs5. Data analysis included merging of certain data tables on common keys to identify issues. Data was also extracted using standard SAP reports and customised reports to corroborate the analysis of table data. The output files were shared with Management along with screen shots of Audit analysis while seeking response to Audit observations. • Discussions, correspondence and questionnaire issued to Management and the feedback received. Audit acknowledges Management’s efforts in extracting/ sharing the table data. Exit Conference was held with Management on 01 May 2019. Report was issued to the Ministry on 06 May 2019 and the response obtained on 29 August 2019, which has been considered while preparing this report. Audit appreciates the positive response of Management/ Ministry
Audit Methodology. Interim Fieldwork – Financial Statement • Discussions with management to determine internal controls, perform walk-throughs, test controls, as applicable, and discuss any potential audit issues. • Determine audit procedures by area, based on results of audit planning and risk assessment. • Determine confirmation needs. • Prepare listing of audit information requested from VCTC. • Review minutes, resolutions and ordinances. • Perform tests of legal compliance. • Regular updates to VCTC staff. • Exit conference with management. Final Fieldwork • Audit areas based on risk assessment. • Obtain and prepare schedules and analyses supporting the financial information. • Draft financial statements. • Discuss findings with management, if any. • Discuss proposed journal entries with management, if any. • Finalize single audit testing. • Regular updates to VCTC staff. • Exit conference with management. Reporting • Review of the financial statements by the partner over the engagement • Review of financial statements by a partner not otherwise associated with the audit to obtain a “second opinion” on the completeness and adequacy of financial statement disclosures and audit procedures. • Completion of management letters and review with management. • Preparation of other communications to management and Board. • Assistance with preparation of the Data Collection Form and the preparation of the reporting package for submission to the Federal Audit Clearinghouse. • Presentation to Board at its regularly scheduled meeting, if requested. Ongoing Communication • Obtain interim financial statements throughout the year for review • Analyze significant changes and identify areas to further tailor our audit plans and to keep us up- to-date with continuing changes • Compare the interim results to year-end results for the past few years to identify potential issues in the financial reporting process • Participate periodically at your Board meetings, and any other meetings, at the Boards request.
Audit Methodology. Multi-Year Approach
6. Client Assistance A number of partners at Xxxx Bailly are nationally recognized as state and local government thought leaders who present at dozens of national venues throughout the year. These include: GFOA; National Association of State Auditors, Comptrollers, and Treasurers; California Society of CPAs; California Society of Municipal Finance Officers; Oregon and Washington Government Finance Officers Association; the California State Association of County Retirement Systems; the California Association of Public Retirement Systems; AGA National Professional Development Conference; National Association of Housing and Redevelopment Officials (NAHRO); Iowa Society of CPAs; Idaho Society of CPAs; Utah Society of CPAs; and Colorado GFOA. We also provide training for state and local agencies. Xxxx Xxxxxxxxx, an Xxxx Xxxxxx Senior Manager, presented recently at the State of Washington Department of Ecology’s Grant & Loan Financial Management Training. Other agencies include Controllers’ offices of the State of Tennessee, Texas State Auditor, State of Montana, Commonwealth of Massachusetts and the State of Nevada. Our Government Services Group also includes Xxxxx Xxxxxxxxx, a Senior Consulting Manager, who was most recently a GASB Board member from 2009 until June 2019. During that time, Xxxxx co-developed 38 standards for the Board. Prior to his service with the GASB, his reputation as auditor/controller for Sonoma and Orange Counties and with other governments throughout California is beyond reproach. • Common Single Audit Findings and Remediation Series: Matching, Level of Effort, and Earmarking. • Is Your Government Ready for This Fiscal Year-End and Beyond? • Dispatches from GASB’s Meetings. • Cybersecurity: Not Just an “IT” Issue. • Create an Internal Audit with More Value. Visit our website to sign up for our newsletters, e-blasts and webinars: xxx.xxxxxxxxxx.xxx/xxxxxxxx Some of our clients ask us to prepare or provide additional review and critique of their CAFR or other financial reports that the client prepares in addition to or in lieu of the CAFR. If our client prepares the CAFR containing audited financial statements, it is our responsibility to provide assurance that the information contained in the CAFR articulates to the work that has been audited during the engagement. We use additional disclosure checklists and procedures that are updated for each new standard that is released to gain this assurance. In some cases, we p...
