What should be taken into consideration when developing an audit agenda?

When developing an audit agenda, it is essential to consider both the Office of Inspector General (OIG) workplan and OIG fraud alerts, making the selection that includes both of these elements the most comprehensive choice.

The OIG workplan outlines the key areas and topics that the OIG plans to focus on during its audits and investigations for a given year. By aligning audit agendas with the OIG workplan, organizations can ensure that they address the issues that are currently deemed high-risk or of significant concern by regulatory authorities. This alignment helps in prioritizing audits that not only fulfill compliance requirements but also mitigate potential areas of scrutiny.

Similarly, OIG fraud alerts provide important information regarding emerging fraud schemes or vulnerabilities in healthcare services. By referencing these alerts, organizations can proactively design audits that investigate areas where there may be higher risks of fraudulent activity, thus enhancing their compliance programs and protecting against financial and legal repercussions.

Incorporating insights from both the OIG workplan and OIG fraud alerts into an audit agenda leads to a more strategic approach to compliance monitoring, ultimately resulting in a stronger compliance posture and effective risk management. This combination allows organizations to stay informed about regulatory priorities while addressing both existing and evolving threats.

On the other hand, OCR investigations