The Corrective Action Policy and Procedure outlines the responsibilities and methods for identifying causes of nonconformities, initiating corrective actions, and performing follow ups. The Procedure ensures that corrective actions have been effective in preventing the reasons for noncompliance. It applies to all causes of nonconformity relating to finance that are discovered during transaction processing or internal audits. (12 pages, 1461 words)

Activities Covered in the Corrective Action Policy Procedure

• Nonconformity Reports
• Initiating Corrective Action
• Investigating the Cause
• Taking Corrective Action
• Preventing Recurrence of Problems
• Verification and Closure

Forms Included in the Corrective Action Policy Procedure

• Nonconformity Report Form
• Corrective Action Request Form
• Corrective Action Log Form