Terminology Index
Glossary
1801 terms
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Finding Lifecycle
The stages an audit finding moves through, from identification and verification, through severity rating and reporting, to remediation tracking and closure, so issues are managed to resolution rather than just noted once.
An audit finding has a life beyond the report: it is identified, verified as real, rated for severity, communicated, assigned for remediation, tracked, and finally closed once fixed and confirmed. Managing the finding lifecycle ensures issues actually get resolved and that the audit function can demonstrate follow-through, rather than producing findings that are reported and forgotten. It frames findings as managed items, not one-time observations.
Introduced in: Audit and Assurance
Examples
- Tracking a finding from identification through to verified remediation.
- Confirming a finding is fixed before closing it in the tracker.
- Following up on open findings so none are left unresolved.
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