Phase 4. Monitor/control 4.1 Solution Development (conclusion). The final results will be compiled with the action plans to include milestone-based timetables. The solution plan will be coordinated among stakeholders and management. Final approval will be sought before producing the final audit report. 4.2 Final Audit Report Issuance. The final audit report will be generated and include signatures of audit leaders and the Dalton, Walton, & Carlton managers. 4.3 Effect Solutions. DWC will work towards solutions and resolution of each item on the audit report according to the established action plans. Progress will be mapped against milestones and follow-up reporting will be conducted in the next phase. Progress of each action plan will be summarized in a semi-annual audit follow-up report in the next phase also. 4.4 Issue Tracking. Auditors will provide assistance as needed and verify the corrective actions follow established timelines and meet milestones. Any changes will be coordinated with the audit team. Progress will be annotated and reported along with the semi-annual audit follow-up report. This report will be coordinated and signed by DWC management and audit managers. Follow-up audit checks will be conducted as necessary when fixes are completed or before the audit is closed. Phase 5. Closure 5.1 Solution Completion. When all solutions are complete, mitigated, or risks accepted or transferred, a final audit check of identified items will be conducted. This check is a simple review of actions necessary to ensure compliance and closure of the problem. 5.2 Closure Report. When all solutions have been finalized in the previous step, a final closure addendum report will be compiled summarizing all actions taken, the expectation of the residual risk, and the concurrence of auditors and managers. The next tentative audit will be scheduled based upon DWC’s need and established timelines after completion of identified items. The final report will be issued and include concurrence by the audit manager, DWC management, and will project the expected next audit date.
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