What it is
Under the Uniform Guidance the auditee, not the auditor, prepares the summary schedule of prior audit findings and, for current findings, a corrective action plan. The auditor then reports if the summary materially misrepresents the status of a prior finding.
This template is on the auditee’s letterhead. It has a status table (finding number, description, program, fully corrected, partially corrected, not corrected or no longer valid, and the action or explanation) and a corrective action plan table with a responsible person, a completion date and a contact.
When to use it
- An auditee has prior-year findings and needs to report their status with the reporting package.
- The current audit produced findings and management owes a corrective action plan.
- A client asks what the status wording should be for partially corrected findings.
What’s inside
- Summary schedule status table with the four status options
- Prompts for no longer valid findings and findings older than two years
- Corrective action plan table: action, person responsible, completion date, contact
- Preparer and approver lines
Standard cited
This template follows 2 CFR 200.511. It is written in our own words, except for phrases the standard requires the document to contain, with [bracketed placeholders] for client details, amounts in USD and dates as MM/DD/YYYY. Check it against the current standard and your firm’s methodology before use.
Questions
Who prepares this schedule?
The auditee, under 2 CFR 200.511. The auditor reads it and reports in the schedule of findings and questioned costs if it materially misrepresents the status of a finding.
What if the finding is no longer valid?
The auditee says so and describes the reasons. Under 2 CFR 200.511(b)(3), that is acceptable where two years have passed since the audit report containing the finding was submitted to the Federal Audit Clearinghouse, the federal agency or pass-through entity is not currently following up on the finding, and no management decision was issued.
Does the corrective action plan go in the same document?
They are separate requirements, and the corrective action plan has to be a separate document from the auditor’s findings under 200.516. The template includes both, in separate tables, for auditees that deliver them together.
Related templates
- Audit Finding Sheet (5 Cs)
- Management Letter — Internal Control Communication (AU-C 265)
- Audit Completion and File Review Checklist (AU-C 230 / AU-C 700)
Last updated 11/05/2026. All free templates.