Are audit finding(s) and corrective action plan(s) required to be submitted via LASS?
A15. Yes, if applicable, audit findings and corrective action plans are required to be uploaded and submitted via LASS. They are attached, respectively, to the “Audit Finding” and “Action Plan” tabs under the “Notes & Findings” header. The audit findings and corrective action plans must saved as PDF files in order to be uploaded. If either question G3000-040 or G3000-090 on the Data Collection form was answered “Yes”, it is required to upload an attachment to both the audit finding and action plan tabs. And/or: If an attachment is uploaded to the “Audit Finding” tab, an attachment must be uploaded to the “Action Plan” tab. The inverse is also true, if an attachment is uploaded to the “Action Plan” tab, an attachment must be uploaded to the “Audit Finding” tab.
Related Questions
- Where and how are the footnotes, audit findings (if applicable) and corrective action plans (if applicable) attached to the submission?
- Did the inspector alert the firm’s appropriate management when an immediate corrective action was necessary?
- Are audit finding(s) and corrective action plan(s) required to be submitted via LASS?
