SUBSECTION 4.3.8.5
AUDIT TRACKING

4.3.8.5.1

OFM Responsibilities

Effective Date:

Mar. 1, 1999

4.3.8.5.1.a

RCW 43.88.160 (6)(d) states, "It shall be the duty of the director of financial management to cause corrective action to be taken within six months, such action to include, as appropriate, the withholding of funds as provided in RCW 43.88.110." The corrective action refers to the state auditor’s exception to specific expenditures incurred by an agency or other practices related in any way to the agency’s financial transactions (audit findings or questioned costs).

4.3.8.5.1.b

In addition, RCW 43.88.160 (6)(d) states that, "The director of financial management shall annually report by December 31^st the status of audit resolution to the appropriate committees of the legislature, the state auditor, and the attorney general. The director of financial management shall include in the audit resolution report actions taken as a result of an audit finding including, but not limited to, types of personnel actions, costs and types of litigation, and value of recouped goods or services."

4.3.8.5.1.c

Acting as the auditee for the statewide single audit, OFM is responsible for assembling the consolidated correction action plan (Refer to Subsection 4.3.8.2.1.d)

4.3.8.5.2

Agency Requirements

Effective Date:

Mar. 1, 1999

4.3.8.5.2.a

To provide OFM with the necessary information to fulfill its responsibilities, and to cause corrective action to be taken in a timely manner, all state agencies and institutions are required to submit, to the Accounting Division of OFM within 30 days of the issue date of a state audit, corrective action plan information for each finding or questioned cost contained in the state audit examination. Refer to Subsection 4.3.8.5.3 for the format of the information to be provided.

4.3.8.5.2.b

Further, to provide OFM with information necessary to complete annual state and federal reporting requirements, agencies are required to complete Form I in the Fiscal-Year End Supplemental Reporting process (refer to Subsection 5.1.3.1.10).

4.3.8.5.2.c

Audit tracking information is not required to be submitted for audits with no findings or questioned costs.

4.3.8.5.3

Audit Tracking Info. Report Format

Effective Date:

Mar. 1, 1999