Reporting
Audit Committee — October Meeting
Drafted by the CAE Agent directly from the underlying work, so every number traces back to a control, test or finding.
Meeting date
Oct 14
Package due Oct 7
Agenda items
5
60 minutes
Significant deficiencies
1
No material weaknesses
FY27 plan coverage
78%
Awaiting approval
Agenda
| Item | Presenter | Minutes | Status |
|---|---|---|---|
| FY26 Q3 SOX status and deficiency summary | SOX Director | 12 | Draft ready |
| FY27 risk-based audit plan for approval | Chief Audit Executive | 20 | Awaiting approval |
| Emerging risk update — cybersecurity and integration | Chief Audit Executive | 10 | Draft ready |
| Open findings and remediation status | Audit Director | 8 | Draft ready |
| AI governance and quality assurance report | Chief Audit Executive | 10 | Draft ready |
Draft key messages
Every statement links back to source work
- 78% of the high-risk audit universe is covered by the recommended FY27 plan, up from 71%.
- One significant deficiency recommended for Q3 (credit memo approval routing); no material weaknesses identified.
- AI agents executed 4,412 audit hours in FY26 to date, with 1,092 hours of human review and judgment.
- Three findings are past their remediation due date; the APAC rebate reconciliation is the longest overdue at 10 days.
- Halcyon Photonics has no prior audit coverage and is the highest-priority FY27 addition.
Avery · CAE Agent
The only open item before this package can be released is the EX-119 severity conclusion. If you agree with significant deficiency, the SOX section is final; if you conclude material weakness, I will redraft the SOX status, external auditor communication and remediation sections.
External auditor coordination
| Request | Firm | Reliance | Due | Status |
|---|---|---|---|---|
Order to Cash walkthrough documentation EA-88 | Meyers & Kwan LLP | Direct assistance | Sep 12 | Shared |
Credit memo testing workpaper and exception memo EA-91 | Meyers & Kwan LLP | Reliance planned | Sep 19 | Awaiting human release |
ITGC access review population and sample EA-93 | Meyers & Kwan LLP | Reliance planned | Sep 24 | In preparation |
Deficiency evaluation summary, Q3 EA-95 | Meyers & Kwan LLP | Communication required | Oct 6 | Not started |
Quarter at a glance
- Controls tested
- 94 of 128
- Samples tested
- 1,842
- Exceptions identified
- 6
- Significant deficiencies
- 1 recommended, 1 concluded
- Material weaknesses
- None
- Open findings
- 12 (3 past due)
- AI hours
- 4,412
- Human hours
- 1,092