CHAPTER 10
POLICIES, STANDARDS, AND PROCEDURES FOR AGENCY AND INSTITUTIONAL INTERNAL AUDITORS (DIRECTIVE NO. 1-85) (REPEALED)

1VAC42-10-10. Applicability. (Repealed.)

This chapter applies to all state agencies and institutions with an internal audit function.

1VAC42-10-20. Policy. (Repealed.)

All state agencies and institutions with internal audit functions shall adopt and prescribe to the "Standards for the Professional Practice of Internal Auditing" and "Statements on Internal Auditing Standards" promulgated by the Institute of Internal Auditors. This policy is not intended to restrict internal auditors from adopting additional standards from other authoritative bodies, such as the Comptroller General of the United States or the American Institute of Certified Public Accountants, as appropriate.

When developing agency or institutional policies and procedures to meet the standards included in this regulation, agency and institutional internal auditors will be expected to follow the guidance provided in the State Internal Auditor's Internal Audit Policies and Procedures Manual.

1VAC42-10-30. Exceptions. (Repealed.)

If an agency or institution believes that adherence to the policy set forth in 1VAC42-10-20 will create an undue hardship, an agency head may request that the State Internal Auditor amend or modify the requirements. Such requests should be in writing and include reasons for the request and the exact nature of the proposed modification. The State Internal Auditor will provide written response to the agency or institutional head.

1VAC42-10-40. Assistance. (Repealed.)

Requests for assistance in complying with this regulation should be forwarded to the State Internal Auditor, James Monroe Building, 101 North 14th Street, Richmond, Virginia 23219.

CHAPTER 20
EXTERNAL REVIEW FOLLOW-UP FOR AGENCY AND INSTITUTIONAL INTERNAL AUDITORS (DIRECTIVE NO. 1-90) (REPEALED)

1VAC42-20-10. Applicability. (Repealed.)

This chapter applies to all state agencies and institutions with an internal audit function.

1VAC42-20-20. Policy. (Repealed.)

All state agencies and institutions (herein agency) with internal auditing functions shall submit detailed work plans and semiannual progress reports to the Department of the State Internal Auditor (herein DSIA) regarding significant deficiencies noted in external quality assurance review reports. The deficiencies considered significant will be identified as such by DSIA in a letter to the agency head at the completion of the external quality assurance review.

The detailed agency work plans shall include columns which contain: (i) summaries of significant external quality assurance review concerns; (ii) summaries of proposed corrective actions and specific deliverables or tangible products that will result from the proposed corrective actions; (iii) target completion dates of the proposed corrective actions; and (iv) the name of the person(s) or position(s) responsible and accountable for implementing such corrective actions. The detailed work plans should be submitted to DSIA no later than 60 days after the issuance of the external quality assurance review report.

The semiannual progress reports shall provide information regarding the status of the agency specific detailed work plans established to correct significant deficiencies noted during the external quality assurance review process. These reports should be submitted to DSIA six months after the issuance of the external quality assurance report and updated every six months until all the significant deficiencies are resolved.

Semiannual summary reports shall be provided by DSIA to the Governor, the Governor's Secretaries, agency heads, the State Comptroller, and the Director of the Department of Planning and Budget. These semiannual summary reports will highlight actions taken to address and resolve significant external quality assurance review concerns and identify those concerns that remain unresolved by agencies. These reports will be prepared from the detailed work plans and semiannual progress reports submitted to DSIA by agencies or as a result of subsequent follow-up reviews conducted by DSIA.

1VAC42-20-30. Exceptions. (Repealed.)

If an agency or institution believes that adherence to the policy set forth in 1VAC42-20-20 will create an undue hardship, an agency head may request that the State Internal Auditor amend or modify the requirements. Such requests should be in writing and include reasons for the request and the exact nature of the proposed modification. The State Internal Auditor will provide written response to the agency head.

1VAC42-20-40. Assistance. (Repealed.)

Requests for assistance in complying with this regulation should be forwarded to the State Internal Auditor, James Monroe Building, 101 North 14th Street, Richmond, Virginia 23219.