Our office has established a follow-up process to monitor and ensure that audit recommendations have been effectively implemented or that senior management has accepted the risk of not taking action.
Management self-reports on the implementation status of recommendations. The implementation status and date of implementation for those recommendations are compiled by our office and routinely presented to the FIU Board of Trustees Audit and Compliance Committee.
Our office will test management’s self-reported data to assure they have implemented the recommendations.