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The Executive Board shall appoint an auditing committee at least two weeks before the last general meeting of the current term . Additionally , our system employs an audit mechanism that guarantees that any untrusted server acting maliciously will eventually be detected and excluded from the system . As an audit professional , you will identify ways to improve the company 's control environment , cost-saving measures and productivity . AU Section 508.08 of the auditing standards includes a list of the basic elements of an audit report . At the end of each term , a student who wishes to include an audited class on his / her transcript is responsible for obtaining the instructor 's written certification that he / she satisfactorily audited the class . The intent of this amendment , this clause , would amend the bill to ensure that the report that is produced is an audited report . The Court receives the Annual Report and an audited statement of accounts at its Annual General Meeting in March , appoints members to Council , and appoints the Chancellor , the Pro-Chancellors and the Treasurer . In contrast , data for an auditing program may be needed for months or even years after it was generated . If some audit action ( s ) need to be taken , then an audit record descriptor is initialized and returned . Canon is working to strengthen its corporate governance structure by creating an auditing framework and establishing various specialized committees in order to promote healthy and transparent corporate management . Administrators can track installed applications and hardware components , patches , and active services via an auditing mechanism that features e-mail notifications about any changes to configuration . Former members of the council , including then-council President Heidi W. Rogers , delayed the selection of an auditing firm until October because , they said , they were unhappy with the results of the public bid process for the work . Within three months of the end of the financial year , the Approved Provider is required to submit an audited statement . Pallante identified several reasons for conducting such an audit .