Office of Internal Auditing

Office of Internal Auditing Web Site

Prior Audit Finding Scorecard

The MnSCU Office of Internal Auditing guideline on Audit Follow-up provides a structured approach for classifying, cataloging, monitoring, and reporting the status of prior audit findings. A one-page scorecard has been developed for displaying the status of prior audit findings and the rate of implementing audit recommendations.

Scorecard

September 30, 2002 - (print friendly copy)
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Finding Classification Information

The Audit finding classification is based upon the urgency of implementation.

Critical - Merit immediate attention and remedy. Without prompt corrective action, the reliability of important financial information is questionable or a high risk of potential loss exists.
Important - May develop into serious problems but do not show evidence that immediate adverse consequences currently exists. Findings may be upgraded to critical if immediate problems develop or lack of meaningful progress persists for an extended period.
Management Discretion - Indicate problems that have isolated or limited consequences. If evidence shows that the problems have become more widespread or persistent, the findings may be upgraded to either important or critical.

Contact Information

If you have questions about a specific institution, please contact the Regional Audit Coordinator for that campus. See the Office of Internal Auditing Staff listing for phone numbers and e-mail addresses.
If you have general questions about the Prior Audit Finding Scorecard, please contact John Asmussen, Beth Buse, or Darla Senn. See the Office of Internal Auditing Staff listing for phone numbers and e-mail addresses.