Common use of AUDIT PROGRAM Clause in Contracts

AUDIT PROGRAM. CDOT Internal Auditors are to conduct and supervise: internal audits of CDOT, external audits of persons entering into contracts with the department, federally required audits, financial audits, and performance audits to determine the efficiency and effectiveness of CDOT operations. The internal audits often focus on the adequacy and effectiveness of internal and management controls. Audits also evaluate compliance with federal and state regulations and compliance with contract terms. Each year, the Commission’s Audit Review Committee approves an annual audit work plan. As a part of the process for developing CDOT Internal Auditor’s work plan, managers throughout CDOT are surveyed concerning internal audit risks and audit needs. Coordination with the Quality Improvement Council (QIC) is planned as a part of the development of each fiscal year’s work plan. Every effort is made to coordinate activities and prevent duplication. The Audit Program also plans on working with the Performance Measures Team to assist in verification of performance measure reporting, and to help evaluate the impact of the performance measures.