ST0537DOJDOJ

ST0537

Internal Audit – How have management and the board followed up? How often does internal audit conduct assessments in high-risk areas?

Plain-language summary

What it actually means.

Plain-language summary forthcoming. Source text below.

Source text

Internal Audit – How have management and the board followed up? How often does internal audit conduct assessments in high-risk areas?

Assessed by HEXDI

M1
7 — MANAGEMENT COMMITMENT
Senior Management reviews audit reports and recommendations and regularly evaluates effectiveness of the program.
M2
4 — PROGRAM SETUP AND ADMINISTRATION
The Export/Import Compliance Council (or equivalent) creates working groups as needed to address specific areas, to include corrective…
M2
5 — PROGRAM SETUP AND ADMINISTRATION
Risk analysis and identification considers customer base, countries of exports/import activities, and product lines.
M2
7 — PROGRAM SETUP AND ADMINISTRATION
Risk analysis and identification considers findings from audits, evaluations, and other assessments and history of compliance problems.
M11
3 — AUDITS AND ASSESSMENTS
Program has procedures for promptly communicating audit results to Senior Management.
M11
5 — AUDITS AND ASSESSMENTS
Program requires review of audit results by Export/Import Compliance Council (or equivalent) to determine appropriate corrective actions,…

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