Assess the Identification of Risk Exposures and Use of Effective Strategies to Control Them

1155 Mill Street, A-1
Reno, NV 89502
T 775.982.4117
To: / (Ask director)
Cc: / (Name) CEO
(Name) CFO
(Name) Corporate Compliance Officer (optional)
(Name) Chief Information Office (optional)
From: / Renée Jaenicke, Director, Internal Audit
Date: / (Date sent)
Reference: / (Name of Audit)

In accordance with our approved annual plan, the Internal Audit Department will perform an audit of (name of process). (If audit will be performed in more than one phase, please indicate here.) The objectives of this audit are to:

·  Assess the identification of risk exposures and use of effective strategies to control them.

·  Provide reasonable assurance that Renown Health has effective controls in place to ensure:

o  (Indicate here)

The scope of the audit will include (identify which: walkthroughs, inquiries, observations, examination of documents, and use of computer-assisted audit tools) for the time period of (identify time frame).

The audit work will begin the week of (when) and is scheduled for completion (month of completion). The fieldwork will be performed by (lead name and others who will assist – include titles). (First name of lead) will serve as lead auditor. (Name), Senior Auditor and I will review and supervise all audit work. Timely completion will depend on response to inquiries, requests for information and validation of audit findings. If a senior leader requests a change in scope to the audit, we will send you a separate memo to inform you of this and communicate an update expected audit completion date.

As part of our quality circle, we will meet with you to discuss and validate results as the audit progresses. At the conclusion of our fieldwork we will schedule an exit conference to discuss the results and obtain action plans for any issues noted. The final audit report with agreed upon action plans will be distributed to the recipients of this memo and the external auditors, with a summary of high impact issues provided to the Renown Health Audit Committee. Each action plan will define what must be provided to Internal Audit as evidence of completion. As action plan due dates approach, we will contact you or your designee to assess completion. Completion of action plans results in mitigation of risks identified during the audit.

We are looking forward to working with you on this audit! If you have any questions, please feel free to call me at 982-4117. Thank you!