Audit Coordination Vision
This FCPO Testing Coordination value drives timely follow‑ups and accurate communication throughout audits.
What is Responsiveness?
This audit phase’s objective is ensuring the business is prepared, aligned, and ready for the engagement.
What is the Pre‑Audit / Planning Phase?
This team serves as the central point of coordination between the business and Internal Audit during the audit period.
What is the FCPO BA Audit Coordination Team?
This folder color means evidence has been uploaded and submitted to Audit for review.
What is Green?
This tracker is described as the FCPO system of record for RFI response management.
What is the FCPO Audit Tracker?
This mission element commits the team to timely, accurate, and transparent responses to U.S. and Canadian regulators.
What is delivering timely, accurate, and transparent responses to regulators?
This phase’s objective includes tracking, assigning, and managing all RFIs through to closure.
What is the Fieldwork Phase?
These stakeholders must provide timely, accurate responses and review and approve final responses prior to submission.
Who are Business Stakeholders?
This folder color indicates business/LOB partner access was granted and must be revoked when the RFI/audit is complete.
What is Orange?
This rule protects tracker governance: do not change the tracker template without explicit approval from this role/level.
What is explicit Senior Manager approval?
This role description frames the team as the central hub for regulatory engagement and testing alignment across the three lines of defense.
What is the FCPO Testing Coordination role overview?
This phase includes reviewing and challenging the draft audit report and finding grid for accuracy and appropriate risk rating.
What is the Reporting / Post‑Audit Phase?
This Audit Coordination responsibility includes managing RFI intake, tracking, and submission.
What is managing RFI intake, tracking, and submission?
This folder color indicates the folder is empty and awaiting evidence completion.
What is Yellow?
This status is used when the response is complete but pending FCPO BA manager review and approval.
What is Open – Done – Pending Approval?
This mission action focuses on collaboration across Internal Audit, Compliance, and first‑line testing teams.
What is facilitating seamless collaboration with Internal Audit, Compliance, and first‑line testing teams?
This phase focuses on delivering audit readiness sessions, monitoring recurring themes, and promoting continuous learning.
What is the Governance & Continuous Improvement Phase?
Business partners are expected to acknowledge RFIs upon receipt and adhere to defined SLA timelines.
What is acknowledging RFIs upon receipt and adhering to SLA timelines?
This folder color indicates the engagement is closed and no longer in use; all Yellow/Green/Orange folders must be flipped to this at completion.
What is Grey?
During Stage 1, you must confirm the RFI is clear, not duplicative, aligns with scope, and the due date follows SLA expectations.
What is completing the Stage 1 Incoming/Received RFI checks?
To be a trusted and indispensable partner in FCPO oversight, recognized for precision, responsiveness, and unwavering commitment to regulatory excellence.
What is the Vision of FCPO Testing Coordination?
In planning, this activity aligns scope, timelines, and key contacts with leadership before fieldwork begins.
What is conducting pre‑audit kickoff meetings with leadership?
Non‑adherence to SLA triggers escalation one level up; continued non‑compliance can result in two levels up escalation.
What is escalating due to SLA non‑adherence (one level up, then two levels up if continued)?
When sharing a folder with the business, you set permissions to this and you must not share with Audit.
What is setting permissions to ‘Can edit’?
When moving evidence to Audit’s tracker/site, you verify completeness by performing this check; for high volumes you may zip files.
What is counting all files/items/folders to confirm everything transferred correctly?