Page 96 - HCSD SOPandIC Manual

AUDIT REQUIREMENTS – C1, C2

Audit Resolution Corrective Action

If it is determined that cumulative Federal funds in excess of the Federal audit threshold for a given fiscal
year are received, the district will be audited as a part of its annual Single Audit in accordance with
established State and Federal regulations. The resulting audit report will be submitted timely.

Audit Resolution - C-1

1. The Business Manager is assigned to promptly follow-up and take the necessary actions/steps to
resolve any audit findings/citations in a timely manner. Responsible departments/schools will be
notified and given information/directions/assigned tasks/time fames by the Business Manager to help
with efforts to resolve/correct findings/citations within the specified time limits.

2. The DoFPs will promptly follow-up and take the necessary actions/steps to resolve any programmatic
and/or fiscal findings during their respective monitoring cycles. Responsible departments/schools
will be notified and given information/directions/assigned tasks/timeframes by the DoFP to help with
efforts to resolve/correct findings/citations within the specified time limits.

Corrective Action Plan – C-2

1. Should a Corrective Action Plan (CAP) be required due to an audit finding(s)/citation(s), the Business
Manager will convene a team, where necessary, of appropriate personnel from the impacted
department(s)/school(s).

2. The assembled team will develop a CAP within five (5) to seven (7) working days of the audit
finding(s).

3. The CAP will be submitted to the Single Audit preparer for inclusion in the final audit report.

4. The team will be responsible for the implementation of the CAP as well as the monitoring and
evaluation of the plan.

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