OLA Audit Report Monitoring

Timely consideration and resolution of audit findings is a key part of an agency’s internal control system. An organizational culture where management values opportunities to improve internal controls and correct weaknesses is an indication of a strong Control Environment.

Minnesota Statute Section 16A.057, Subdivision 5, requires the Department of Minnesota Management & Budget (MMB) to monitor audit reports issued by the Office of the Legislative Auditor (OLA). Also, MMB Operating Policy and Procedure 0102-02, OLA Audit Report Monitoring, requires each agency to develop corrective action plans to resolve all internal control weaknesses and compliance violations identified by the OLA (Financial Audit Division only) and to communicate implementation progress periodically to MMB. Each corrective action plan must include the following elements:

A description of the corrective measure(s) taken, or to be taken;
The person(s) responsible to take action; and,
A target date for resolution.

Agency management must communicate the status of their corrective action plans to MMB every 90 days. MMB Internal Control & Accountability will initiate the quarterly reporting by providing applicable agencies with a Corrective Action Plan Status Update spreadsheet (CAPSU) to complete and return. Quarterly CAPSU reporting will continue until each audit finding included in each OLA report is fully resolved or no longer applicable.


	0102-02 Office of Legislative Auditor Audit Report Monitoring Policy \| word version
	0102-02.1 Office of Legislative Auditor Audit Report Monitoring Procedures \| word version
	MMB Operating Policy and Procedure 0102-02 distribution cover memo from Jeanine Kuwik
	CAPSU spreadsheet template/instructions
	CAPSU Reporting Schedule
	CAPSU FAQs