| ID | Status | Date | Public/Private | Industry | AHACPA Contact |
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| #7443 | Closed | public | FHA Lender |
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If you have a finding that continues to be uncorrected, in the schedule of prior audit findings do you continue to list every year it was originally reported (2014-1, 2013-1, 2012-1 with the same finding and that the status is uncorrected) or is reference to the prior year where it is reflected sufficient (only showing 2014-1 with the finding)? For instance internal control issues that continue to be present in multiple years because the processes have not changed. |
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From Mike Olsen: You should make reference to the prior year’s audit finding, however, it is not necessary to list the same prior audit finding each year it was a finding. Showing the finding as 2014-1 is sufficient. If the finding is uncorrected in the current year, the finding should be repeated as a current finding and so stated on the schedule of the status of prior audit findings, with the finding referenced to the current finding number. |