In addition to my compliance audits, my current Supervisor (Internal Auditor) wants me to assign the response to each recommendation made to the appropriate employee/manager at our bank and then track and document their individual responses,date received, etc. on a tracking spreadsheet. It's not a bad idea but it's very time consuming. My bank's asset size if $430 million.
What are your responsibilities for tracking responses to recommendations made in compliance audits completed by you?