§ 35-7.1-10. Annual and interim reports.
(a) The office of internal audit shall prepare an annual report summarizing the activities of the office of internal audit for the prior fiscal year. The office of internal audit may also prepare interim performance reports. These reports shall be presented to the director of management and budget. The annual reports shall be posted on the office’s website.
(b) The annual report shall include, but not be limited to: a general description of significant problems in the areas of efficiencies, internal controls, fraud, waste, and abuse within programs and operations within the jurisdiction of the office; a general description of the recommendations for corrective actions made by the office during the reporting period with respect to significant deficiencies in the areas of efficiencies, internal controls, fraud, waste, and abuse; the identification of each significant recommendation described in previous annual reports on which corrective action has not been completed; a summary of matters referred to prosecuting authorities; a summary of any matters concerning the recovery of monies as a result of an audit finding or civil suit or a referral to another agency for the purposes of such suit; a list of all audit reports completed by the office during the reporting period; and a statement of recommendations of amendment to this chapter or the rules, regulations, or procedures governing the office of internal audit that would improve the effectiveness or the operations of the office.
(c) The annual report of the office of internal audit shall be made public on the day of filing.
(d) Within twenty (20) calendar days following the date of the issuance of the management-response copy of the draft audit report, the head of the department, agency, public body, or private entity audited shall respond, in writing, to each recommendation made in the audit report. This response shall address the department’s, agency’s, or public body’s or private entity’s plan of corrective action, the party responsible to implement the corrective action plan, and the anticipated date to complete the implementation of the corrective action; and, if applicable, the reasons for disagreement with any recommendation proposed in the audit report and justification of management’s acceptance of risk. The office of internal audit may perform follow-up procedures for the purpose of determining whether the department, agency, public body, or private entity has implemented, in an efficient and effective manner, its plan of correction action for the recommendations proposed in the audit report or addressed the risk discussed in the audit report.
(e) Copies of each audit report, inclusive of management’s responses noted in subsection (d) shall be submitted to the chairpersons of the house finance committee, and the senate finance committee and posted on the office’s website.
History of Section.
P.L. 2016, ch. 142, art. 4, § 10.