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. The approach we will take to gain an understanding of your internal controls includes: • Interview VCTC personnel. • Review organizational charts, accounting and procedure manuals and programs. • Write-up system narratives. • Evaluate items selected for testing. • Review controls over financial information systems. The timely completion of this work will assist us in performing our work efficiently and communicate any potential recommendations as soon as possible. In addition, our engagement approach is based on the following: • Observations we believe will help VCTC achieve its objectives will be shared. We will also be pleased to respond to inquiries you may have about financial or other business matters. • The assistance to be provided by your personnel, including the preparation of schedules and analyses of accounts, will be discussed with the finance department. The timely completion of this work will assist us in performing our work efficiently.
f. Approach to be taken in determining the laws and regulations that will be subject to audit test work.
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 a. Proposed segmentation of the engagement.
b. Level of staff and number of hours to be assigned to each proposed segment of the engagement.
Audit Methodology. (i) The first stage of the audit as carried out by ACT 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 charges may be incurred by the client. The on-site audit is carried out using client manuals and procedures and by interviewing relevant members of staff regarding their working practices.
(iii) After certification, if the client changes anything which significantly affects the registration, then ACT must be informed. ACT reserves the right to re-audit if necessary.
(iv) Recertification requires all previously raised non-conformances to be closed off by ACT.
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. 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. (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. 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. (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
