Overview
For this week, please review Lesson 9 readings and PowerPoint. For the discussion board post, please respond to the following:
- Describe how OMB Circular A-123 addressed the performance of root cause analysis in regard to internal control deficiencies identified by management or noted during audits?
- Describe the processes in developing corrective action plans and tracking of open audit recommendations at your agency? Is the audit follow-up process effective? Why or why not?
- Please review the attached invoice and identify at least 3 potential audit issues that may warrant further scrutiny: