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Audit Committee 2011 FAEC Conference

Audit Committee 2011 FAEC Conference. Gil Harden, AIG/A USDA-OIG John Needham, AIG/A SBA-OIG. Agenda. Purpose of the Audit Committee Recent Projects Topics of Current Interest and Service to Community Call for Committee Members. Audit Committee. 1 of 6 Standing Committees of FAEC

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Audit Committee 2011 FAEC Conference

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  1. Audit Committee2011 FAEC Conference Gil Harden, AIG/A USDA-OIG John Needham, AIG/A SBA-OIG

  2. Agenda • Purpose of the Audit Committee • Recent Projects • Topics of Current Interest and Service to Community • Call for Committee Members

  3. Audit Committee • 1 of 6 Standing Committees of FAEC • No specifically stated purpose in FAEC Charter • Generally support FAEC responsibilities • Guidance on Peer Review Process • Input on policies regarding Federal Government audits • Coordinating with GAO, OMB, and others on matters affecting audit policy

  4. Recent Projects • Earlier this year, coordinated and provided comments to the CIGIE Audit Committee on • draft Yellow Book and • CFO Act report • Currently, finalizing the compilation of responses to questionnaire on the Peer Review Process and conducting training • 78 participants, 40 agencies in August 2011 • Next training session is Feb 2012

  5. Recent Peer Review Survey • Peer Review Survey Questions • The Guide • Scheduling and Assignment • Training • Conducting the Review • Reporting Results • Other Observations

  6. Current Topics • Audit Performance Metrics • Improper Payment Requirements • Small OIG Quality Control Concerns • Audit Follow-up • What are the other areas of interest/concern for the community?

  7. Next Steps • Need assistance to accomplish what we decide to do • Looking for 4 to 6 individuals to be a part of the committee • Will look for additional volunteers to help accomplish specific projects • Any interest contact Gil or John

  8. Contact Information • Gil Harden, AIG/A USDA-OIG • Gil.Harden@oig.usda.gov • 202-720-6945 • John Needham, AIG/A SBA-OIG • John.Needham@sba.gov • 202-205-7390

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