I found the areas of audit citings to be very helpful in our own internal audits.
Also, not all auditing entitites use the same "definition" in wording.
It is very important to monitor (audit) what is happening within your institution.
The most cited ED findings was most useful.
This is my take away. When prioritizing, some things to consider include:
- Areas of high-performance expectations
- Areas commonly cited within the industry
- Areas where there have been repeat findings (internal and/or external)
- Areas with unproven management control systems/mechanisms
It is often thought that we need to do a full audit, but the idea of setting up an audit schedule, focusing on different departments each quarter will be most helpful.
I took note of the most cited issues by ED. Gonna pay close attention to those so we don't make similar mistakes.
I learned about different laws as it pertaeins to compliance and accredidation. Id utilize this information to ensure that I do my part in complying with my states regulations.
