Government Audit Process and Performance Overview
Dive into the current audit status, challenges, action plan progress, and accomplishments of a government agency. Explore the hurdles faced, innovative ideas considered, and notable achievements in financial operations. Get insights into the ongoing audit process and the measures taken to ensure timely completion.
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Presentation Transcript
[GOVT] Current Audit Status [ [insert the year currently under audit] ] AUDIT STATUS DATES AUDIT STATUS DATES Audit firm contract completed date and # of years Date the trial balance was submitted to and accepted by the auditors 1 [INSERT COMMENTS HERE] 2 [INSERT COMMENTS HERE] 3 Date that field work commenced [INSERT COMMENTS HERE] What major schedules & reconciliations are still outstanding? 4 [INSERT COMMENTS HERE] 5 Number of major grants Status of component units # on schedule & # behind Current (realistic) estimated completion date & current extension request [INSERT COMMENTS HERE] 6 [INSERT COMMENTS HERE] 7 [INSERT COMMENTS HERE] 1 Thursday, September 14, 2023 & Friday, September 15, 2023
[GOVT] Audit Challenges & Ideas What is the greatest challenge to What is the greatest challenge to completing your audit on time? completing your audit on time? 1 [INSERT COMMENTS HERE] Are there any ideas that you and/or your auditors have considered thinking out of the box to speed up the audit process? 2 [INSERT COMMENTS HERE] What are your expectations for the opinion for the current audit? 3 [INSERT COMMENTS HERE] 2 Thursday, September 14, 2023 & Friday, September 15, 2023
[GOVT] Action Plan Progress Updated Updated time time frame frame Targeted Targeted Time Frame Time Frame Task Task Progress Notes Progress Notes 3 Thursday, September 14, 2023 & Friday, September 15, 2023
[GOVT] Challenges & Accomplishments What has been the greatest What has been the greatest challenge (other than the audit) in challenge (other than the audit) in your financial operations this last your financial operations this last few months? few months? 1 [INSERT COMMENTS HERE] What recent finance office What recent finance office accomplishment would you like to accomplishment would you like to share with your finance office share with your finance office colleagues? colleagues? 2 [INSERT COMMENTS HERE] 4 Thursday, September 14, 2023 & Friday, September 15, 2023
