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LDH Audit Requirements for Contracts Louisiana Department of Health (LDH)Policy Number 13.3 ContentDefines LDH policy for compliance with federal and state audit requirements for approved contracts
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Identify the objective of the audit.
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Audit finds issues with the accuracy and compliance of financial statements, operational processes, and regulatory adherence of an organization.
Organizations, including public companies, private companies, and not-for-profits, that are subject to auditing regulations are required to file audit findings with relevant regulatory bodies.
To fill out audit findings, you must document the specific issues identified during the audit, provide a detailed explanation of each issue, indicate their impact on financial statements, and outline recommendations for correction.
The purpose of audit finds is to identify discrepancies and areas for improvement, ensuring accountability and transparency in financial reporting, which ultimately contributes to better decision-making.
Reports on audit findings must include a description of the issues identified, evidence supporting the findings, the implications for the organization, and any corrective actions recommended.
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