MISSION STATEMENT

• To coordinate and enhance management efforts to implement audit recommendations in a timely and effective manner.
• To serve as a catalyst for change and improvement in the relationships between management and auditors.
• To identify common challenges and solutions across government and work to improve overall performance and results.

FALC Objectives

1. Updating Audit Followup - OMB Circular A-50.

2. Analyze financial issues affecting government-wide consolidated financial statements.

3. Examine Inspectors General Process of reporting monetary benefits/purported savings.

4. Review GAO processes re: audits, reports, entrance conferences, time frame for responding to draft reports, audit plan, closing recommendations, and improving overall working relationship.

5. Develop a best practices document for audit follow-up.

6. Identify training opportunities that provide needed knowledge and skills (negotiating, multi-area) in audit follow-up work.