Follow-up & Monitoring
Tracking Remediation Plans
Systems and processes for monitoring management action plans
2025-12-10
Tracking Remediation ensures audit findings are resolved and corrective actions are implemented effectively. Systematic monitoring demonstrates audit value and accountability.
📊 Management Action Plans
Each finding should have a documented action plan including:
- Specific corrective actions to be taken
- Responsible owner (by name and title)
- Target completion date
- Resources required
- Success criteria or milestones
🔄 Monitoring Process
- Schedule regular status updates from management
- Track progress against target dates
- Escalate overdue items to appropriate levels
- Update audit committee on open findings
- Close findings only when fully remediated and verified
📈 Reporting Status
Provide regular reports showing: total open findings by risk rating, aged findings analysis, trends in remediation timing, and areas with recurring issues.
💡 SmartHubs Feature
Use SmartHubs' automated tracking dashboard to monitor all open findings, send reminders for approaching deadlines, and generate status reports for management and audit committee.