Audit Finding definition

Audit Finding means deficiencies the auditor is required, by UR section 200.516(a), to report in the schedule of findings and questioned costs.

Audit Finding means a significant issue or deficiency identified during the audit.

Audit Finding means each way in which an Auditor (or Defendant, for an internal audit), conducting an Audit pursuant to SectionV.B of this Consent Decree, determined that any document, record, report, diagram, test, system, review, evaluation, policy, practice, plan, training, procedure, personnel, equipment, or other item, action or omission at a Facility deviates from, or does not comply or conform with a requirement or standard set forth in Appendix A, Paragraphs 5.c and 6.c.

Examples of Audit Finding in a sentence

• The cleaned grains are then packed and stored in damp free environment.

• Audit finding Paragraph 5.2 of the Framework for Managing Programme Performance Information requires auditees to have appropriate system to collect, collate, verify and store performance information to ensure valid, accurate and complete reporting of actual achievements against planned objectives, indicators and targets.

• Applicants with outstanding legal, technical, or financial compliance issues from an FTA compliance review or FTA grant-related Single Audit finding must explain how corrective actions taken will mitigate negative impacts on the proposed project.

• Audit finding means the deficiencies that the auditor is required to report in the schedule of findings and questioned costs as required by 2 CFR§ 200.516(a).

• Applicants with outstanding legal, technical or financial compliance issues from an FTA compliance review or Federal Transit grant-related Single Audit finding must explain how corrective actions taken will mitigate negative impacts on the proposed project.

More Definitions of Audit Finding

Audit Finding means the items identified and reported resulting from a process that evaluates audit evidence and compares it against audit criteria.

Audit Finding means deficiencies which the contractor is required to report in accordance with applicable audit standards.

Audit Finding has the meaning provided in Section 8.2.

Audit Finding means each way in which any document, record, report, diagram, test, system, review, evaluation, policy, practice, plan, training, procedure, personnel, equipment, or other item, action or omission at a Facility deviates from, or does not comply or conform with Section V (Compliance Requirements) and with Appendices A, B, and C of this Consent Decree.

Audit Finding means deficiencies which the auditor is required by sec.___.510(a) to report in the schedule of findings and questioned costs.

Audit Finding means each way in which any document, record, report, diagram, test, system, review, evaluation, policy, practice, plan, training, procedure, personnel, equipment, or other item, action, or omission deviates from, or does not comply and conform with the CWA, RCRA, 40 C.F.R. Parts 112 and 260 through 279, or this Consent Decree, including appendices;

Audit Finding means a written explanation of errors, noncompliance with legal requirements, use of funds for improper purposes, weakness; deficiencies, adverse conditions, or the need for improvement or changes.