Audit Manual - Core Treasury System Uttarakhand

Government of Uttarakhand
Audit Manual
b) Exit meeting (Raising and Pursuance of Audit Observations)
The team-in-charge is responsible for scheduling the exit meeting. Exit meeting shall be
conducted with Head Process Owner or his authorized representative and Unit Head or his
authorized representative. The goal is to have responsible auditee supervisory and
management personnel at the meeting. Exit meetings should be held prior to the last day of
fieldwork or in the early morning of the last day of field-work to provide time for any auditee‘s
clarifications.
Purpose of the exit meeting
• To Inform auditee about the audit results and the reporting process,
• To Reach agreement on observations,
• To Obtain management response to observations and recommendations made, &
• To discuss the corrective measures planned or taken to correct any deficiencies
disclosed by the auditors.
Activities to be undertaken prior to the Exit meeting
• The senior official of the Audit team should review the audit objectives, scope, and
reporting process before discussing the audit observations. concerned IA personnel
should make an effort to be present in all exit meetings
• The team-in-charge should discuss all audit observations, proposed exemptions and
results with the team members and where possible Senior Manager Audit before the exit
meeting is held
• Wherever possible, audit observations and recommendations should be discussed by
the individual who developed the audit findings or audited that area
• The team should discuss all aspects of a potential audit finding with the person
performing the function
• Structure all audit findings using the "Audit Finding Data Sheet" in the standard
format
• Discuss audit findings and recommendations with the respective departmental head.
Also discuss any items requiring follow-up and document the auditee's views
• Prior to the exit meeting, a presentation approach should be developed. Related issues
may be combined and a presentation sequence should be developed
• Observations should be grouped into the following two categories:
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