Title
Approve the Auditor-Controller's Fiscal Year 2024-25 and FY 2025-26 Internal Audit Work Plan.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors approve the Auditor-Controller's Fiscal Year 2024-25 and FY 2025-26 Internal Audit Work Plan.
SUMMARY/DISCUSSION:
The Auditor-Controller's Office (ACO) Internal Audit Division (IA) has identified an audit strategy with a potential to add value and reduce risk while working within the confines of IA resources. The Internal Audit Work Plan (Attachment A) has been created for FY 2024-25 and FY 2025-26. This report seeks approval to begin scheduling and performing the projects listed on the plan.
Due to the resource constraints of the past two years, the proposed Internal Audit Work Plan sustains several risk areas and audit priorities identified in the previous FY 2022-23 and FY 2023-24 Internal Audit Work Plan, which was prepared based on discussions with the Board of Supervisors, certain department heads, and County Administrative Office. In addition, the proposed Work Plan addresses the financial and operational risks observed and flagged by day-to-day ACO operations, as well as recent feedback from the County Administrative Office.
The two-year Work Plan encompasses IA's major responsibilities:
* Internal Audits - IA conducts objective audits and analytical reviews of County operations to improve the effectiveness of controls and compliance with State and Federal laws and regulations, uncover potential issues, and/or identify new opportunities for efficiencies and improvements. The audits listed in Attachment A are not in order of completion priority and will be scheduled based on availability of the auditees and the IA team.
* External Audit Service - IA also helps steward departments through the procurement and contract management process to secure audit services with external firms for certain compliance audits mandated by granting agencies, State law, or others deemed as need...
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