Controls Action Monitoring
Audit recommendations arising from UOWIA Reports are monitored for progress in implementation. The Audit Management & Review Committee requires this monitoring to obtain assurance that risk mitigating measures, in the form of these control actions, have been taken up by responsibility owners.
UOWIA requests written updates, at least 3 times a year, to include as supporting information for the Committee. The completion rates, especially of risk-significant items, are presented.
Under CAM, any incomplete actions older than 12 months are viewed with concern. Another CAM indicator of interest is how fast responsibility owners complete the recommended actions. CAM takes into account any reasons for delay and the agreed target date by responsibility owners. All these factors go to form a composite monitoring picture for Committee members.
CAM requests are issued 8 weeks before the due date of updates. The reported status of relevant Reports is shared to inform and encourage. UOWIA recommends that outstanding actions be incorporated into annual operational plans, to ensure that actions are completed as fast as possible.
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