The TRACS System will be used by Chief Financial Operations (CFO) and Office of Acquisition and Assistance (OAA) (in Washington) and Foreign Missions (FM) (at the Missions) to do the following, automatically generate required audit case folders when contracts for vendors/grantees are obligated, the sources of the information to identify, create, and update the audit folders will be based on Phoenix Viewer data, the population of open audit folders themselves (there may be multiple types required) will represent the audit plan for the upcoming 12 month time period, the folders will permit the recording of tracking/status information as well as provide a repository for all artifacts (documents) related to the planning, execution, and results of a specific audit, the system should facilitate coordination with CFO/Audit Performance & Compliance (APC) with regards to audit items (such as, Inspector General (IG) Audit Recommendations) which are tracked in common between both the Mission and APC, the system should provide flexible and extensible reporting capability with a base set of canned reports.