1. RSNEO will finalize engagement with external auditors no later than six months prior to the
audit submission deadline. This will allow adequate time for planning, fieldwork, internal review,
and final report preparation, ensuring a timely and thorough audit process.
2. A dedicated compliance o...
1. RSNEO will finalize engagement with external auditors no later than six months prior to the
audit submission deadline. This will allow adequate time for planning, fieldwork, internal review,
and final report preparation, ensuring a timely and thorough audit process.
2. A dedicated compliance officer will be assigned to oversee the Single Audit process. This
individual will be responsible for tracking critical deadlines, coordinating with internal
departments, and serving as the main point of contact with external auditors to ensure seamless
communication and adherence to timelines.
3. We will establish a comprehensive audit timeline outlining all key milestones, including
fieldwork initiation, internal review periods, and draft/final report submission dates. Regular
check-ins will be scheduled to monitor progress, address issues promptly, and ensure the audit
stays on track.
4. A document submission schedule will be implemented to ensure timely provision of required
records to the auditors. Internal departments will be informed of their roles and responsibilities
in advance, including specific deadlines for document submission, to enhance coordination and
preparedness
5. An escalation process will be developed to manage unforeseen delays or complications during
the audit. This will include steps for reallocating resources, providing additional support for
internal review, and identifying alternative solutions to ensure timely resolution of outstanding
items