audit cycle

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audit cycle

The periodic performance of clinical audits after identifying appropriate topics, setting standards, measuring current practice against these standards, assessing recommendations, and implementing change. The cycle is often repeated to ensure change has indeed occurred and improvement is maintained.
References in periodicals archive ?
5 months Auditor Submit Provided By Client Perform walk-thrus of key Roles (PBC) requests to seek business processes and explanatory information to internal controls; Identify key familiarize with the Navy management and system universe; Develop an audit controls plan BSO Respond to PBC requests-- Facilitate the review of Roles this will continue through- internal controls and out the audit cycle processes to include MIC, (Auditor use of the PERM ICOFR, System Access & file will reduce the volume User Provisioning, etc.
With longer audit cycles becoming increasingly common, it is critical to retain detailed records for a longer period of time, particularly for acquired or sold business operations.
In this time period, there were thirteen full audit cycles to compare amongst the nine universities.
Prior to starting the current audit cycle, members found the 2003 DVD helpful.
The new version of MetricStream's Audit Management solution delivers innovations that bring significant value to our customers by improving audit strategies, accelerating audit cycles, reducing audit costs and improving auditor productivity," says Vasant Balasubramanian, Vice President of Product Management at MetricStream.
Stewart took care to emphasize that acceptance into the program does not mean open audit cycles will be leapfrogged.
In seven of its past eight audit cycles before the cycle at issue (which covered the years 1998-2001),Textron appealed disputed matters to the IRS Appeals Board; three of these disputes resulted in litigation.
With Aveksa, organizations have reduced their audit cycles from as long as two months to as little as five working days, resulting in increased productivity, reduced compliance fatigue and lower overhead costs.
In current audit cycles, the IRS should follow the resolution of issues resolved or settled in prior cycles.
These changes will begin appearing in September 2005 Publisher's Statements (for those with March-ending audits) and thereafter at the beginning of new audit periods for newspaper members with June, September and December audit cycles.
Novartis received its best overall ranking by managed care medical directors in the past 10 audit cycles in Verispan's fall 2007 Managed Care Medical Director Promotional Audit.

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