Audit Review
CTED passes through much of its funding in the form of contracts, grants and loans. All contractual agreements involving federal funds must comply with federal auditing requirements dictated by the federal Office of Management and Budget (OMB).  Contractors meeting this federal requirement as well as those contractors required through the contracting process must submit an audit to be reviewed each fiscal year.  Findings are required to be resolved by the contractor within six months.  The Audits Review Office makes sure that program managers receive information pertaining to the review of each audit.  Any findings resolution or recommendations are to be coordinated in a timely manner.
 
The primary functions of the Audit Review Office include:
  • Reviewing all audits received in FSD to ensure they meet requirements set forth by OMB and SAAM.
  • Researching contract issues pertaining to federal circulars.
  • Advising staff of the proper process of corrective action pertaining to program audit findings.
  • Providing current and quarterly audit review online reports to divisions and report findings to management.
  • Assisting program staff in audit review processes.
  • Serving as the liaison to the State Auditor's Office for contractors' audit reports.
For more information, please contact Liz Mettler, Audit Review Manager, (360) 725-2748.
Home | Jobs at CTED | Contact Us | Public Records | Site Map
Privacy Info     Site Info     Login
copyright © 2008 washington state department of community, trade & economic development