![]() Accordingly,Īuditees are responsible for ensuring that employees at all levels cooperate with the OIG by making available all documents and Under the Inspector General Act of 1978, as amended, the Inspector General hasĪccess to all records, reports, audits, reviews, documents, papers, recommendations or other materials related to the audit. Of communication between the auditors and management officials. ![]() The audit process, as conducted or supervised by DOL auditors, is designed to maintain a channel The OIG is also responsible for determining whether financial audits arranged for by non-federal DOL grantees satisfy the requirements of the Single Audit Act of 1984. Attestation engagements concern reporting on specific subject matters or management assertions. Performance audits include economy and efficiency, program effectiveness and results, internal controls, and compliance objectives. The Department of Labor OIG conducts and supervises financial and performance audits, and attestation engagements.įinancial audits determine whether the financial statements of an audited entity fairly present the results of operations. The Government Accountability Office classifies government audits. The projects have met or fallen short of program intent and expectations.Īll audits begin with objectives which determine the type of audit to be conducted and the audit standards to be followed. evaluate effectiveness in achieving program results.Īn audit is a look at the past performance of an entity, program or function to determine whether funds were properly administered and whether.evaluate economy and efficiency of operations, and.review compliance with applicable laws and regulations,.The term "audit" is used by the Federal Government to describe not only work done to examine financial operations, but also encompasses work to: the results of prior audits, reviews and program evaluations and. ![]()
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