WEBVTT

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- [Sharon Croll] Hello. I'm Sharon Croll.

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I'm a procurement analyst in J-78.

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Today we're talking about the Audit Cycle.

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So, at DLA we have five
phases in our Audit Cycle.

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The first phase is the planning phase,

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January through March.

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Its when the auditors are
requesting information

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on our processes,

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so that they know what to test.

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The second phase is the
internal control evaluations.

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That happens March through August.

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It may come visit you to walk through

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some of your processes.

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The third phase is substitutive testing.

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That's really transactional testing.

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That's going to happen
July through October.

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The fourth phase is the
recording phase that occurs

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in October through December.

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Here the auditors are
issuing their audit opinions

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and issuing the reports.

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The fifth phase is the
remediation and sustainment phase.

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Here, it's how we address
the audit findings

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from previous years and current.

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So, the audit cycle is important to DLA

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because it provides us with a roadmap

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to our audit activities in any given year.

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It also helps us prepare for

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successful audits,

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which would be an unmodified opinion.

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So employees can ask questions to ensure

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that you understand and
are following the standard

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operating procedures and process

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cycle memorandums that
govern the processes

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you do day-to-day.

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Understand what those internal
controls are in your process,

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and how they're mitigating risk

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to the agency.

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Remain consistent and
accountable for the parts that

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you play in the

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big acquisition process here at DLA,

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and document your actions,

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provide evidential matter and supporting

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information throughout the Audit Cycle.

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And there you have it,

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now you can walk the audit talk.