Audit documentation definition

Audit documentation means the record of procedures performed, relevant evidence obtained, and conclusions reached (terms such as working papers or workpapers are also sometimes used).

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Audit documentation means the record of audit procedures performed,2 relevant audit evidence obtained, and conclusions the auditor reached (terms such as “working papers” or “workpapers” are also sometimes used); and

Audit documentation means the contractor’s work papers including the records of the contractor’s work that documents reviews, tests, and analyses performed, together with the rationale for conclusions reached, and that document the contractor’s adherence to field work standards, including those related to planning, internal controls and related risk assessments, and irregularities, illegal acts, and other noncompliance. Audit documentation also includes the permanent files, a listing of Continuing Professional Education courses and number of hours (including whether the hours directly relate to government auditing or the government environment) for those staff assigned to the audit, and the actual number of hours spent on each audit.

Examples of Audit documentation in a sentence

Audit documentation will be made available upon request to authorized representatives of the commonwealth, the cognizant federal agency for audit, the oversight federal agency for audit, the federal funding agency, or the GAO.
Audit documentation will be made available upon request to authorized representatives of the Commonwealth, the cognizant or oversight agency, the Federal funding agency, or the Government Accountability Office.
Audit documentation and audit reports must be retained by the Contractor’s auditor for a minimum of five (5) years from the date of issuance of the audit report, unless the Contractor’s auditor is notified in writing by the Commonwealth or the cognizant or oversight Federal agency to extend the retention period.
Audit documentation and audit reports must be retained by the [NAME OF SUBRECIPIENT]'s auditor for a minimum of five years from the date of issuance of the audit report, unless the [NAME OF SUBRECIPIENT]'s auditor is notified in writing by the commonwealth, the cognizant federal agency for audit, or the oversight federal agency for audit to extend the retention period.
Audit documentation and audit reports must be retained by the SUBRECIPIENT's auditor for a minimum of five years from the date of issuance of the audit report, unless the SUBRECIPIENT's auditor is notified in writing by the commonwealth, the cognizant federal agency for audit, or the oversight federal agency for audit to extend the retention period.
Audit documentation will be made available upon request to authorized representatives of the Commonwealth, the cognizant federal agency for audit, the oversight federal agency for audit, the federal funding agency, or the GAO.
Audit documentation will be made available upon request to authorized representatives of the commonwealth, the cognizant federal agency for audit, the oversight federal agency for audit, the federal funding agency, or the Government Accountability Office.
Audit documentation and audit reports must be retained by the subgrantee's auditor for a minimum of five years from the date of issuance of the audit report, unless the subgrantee's auditor is notified in writing by the commonwealth, the cognizant federal agency for audit, or the oversight federal agency for audit to extend the retention period.
Audit documentation will be made available upon request to authorized representatives of the commonwealth, the cognizant federal agency for audit, the oversight federal agency for audit, the Audit documentation and audit reports must be retained by the OVR as the federal funding agency, or the US Government Accountability Office (GAO).
Audit documentation and audit reports must be retained by the Contractor's auditor for a minimum of five years from the date of issuance of the audit report, unless Contractor's auditor is notified in writing by the Commonwealth, the cognizant federal agency for audit, or the oversight federal agency for audit to extend the retention period.

More Definitions of Audit documentation

Audit documentation means the working papers prepared or records obtained by the Auditor in connection with the audit.

Audit documentation means all records related to the Agreement, excluding financial records that report Contractor’s professional hours and expenses, that are required by professional standards or Contractor’s internal policies to support the services performed under the Agreement. Examples of Audit Documentation are audit programs, analysis, memoranda, letters of confirmation and representation, extract or copies of City documents, and schedules or commentaries prepared by or obtained by Contractor. Audit Documentation may be in paper form, electronic form, or other media. Contractor shall be permitted to retain copies, including reproducible copies and computerized copies, of said Documents and Materials. Contractor agrees to take such further steps as may be reasonably requested by County to implement the aforesaid assignment. If for any reason said assignment is not effective, Contractor hereby grants the County and any assignee of the County an express royalty – free license to retain and use said Documents and Materials. The County’s rights under this paragraph shall apply regardless of the degree of completion of the Documents and Materials and whether or not Contractor’s services as set forth in Exhibit “A” of this Agreement have been fully performed or paid for.

Audit documentation means the record of audit procedures performed, relevant

Audit documentation means the confidential and proprietary records of Consultant’s audit procedures performed, relevant audit evidence obtained, other audit-related workpapers, and conclusions reached. Audit Documentation shall not include custom-developed documents, data, reports, analyses, recommendations, and deliverables authored or prepared by Consultant for the City under this Agreement, or any data, reports, analyses, workpapers or other documents belonging to the City and/or furnished to Consultant by the City.

Related to Audit documentation

Filter & Search

Related Definitions