Title
a. Support approving the Auditor-Controller's Internal Audit Charter, Policy and Operations Manual, Fiscal Year 2018-19 Internal Audit Plan; and,
b. Support funding for external consulting resource to conduct County-wide Risk Assessment via RFP for a one-time cost not to exceed $50,000; and,
c. Support $7,400 to fund the initial procurement of customary, audit working papers software, related training, and analytical software; and,
d. Support Board approval of a separate Audit Committee Charter to govern the Budget Committee's audit oversight activities; or support Board approval to enhance the Budget Committee's existing policies, procedures, and roles and responsibilities to include required criteria recommended by the Institute of Internal Auditors.
Report
RECOMMENDATION:
It is recommended that the Budget Committee of the Board of Supervisors:
a. Support approving the Auditor-Controller's Internal Audit Charter, Policy and Operations Manual, Fiscal Year 2018-19 Internal Audit Plan; and,
b. Support funding for external consulting resource to conduct County-wide Risk Assessment via RFP for a one-time cost not to exceed $50,000; and,
c. Support $7,400 to fund the initial procurement of customary, audit working papers software, related training, and analytical software; and,
d. Support Board approval of a separate Audit Committee Charter to govern the Budget Committee's audit oversight activities; or support Board approval to enhance the Budget Committee's existing policies, procedures, and roles and responsibilities to include required criteria recommended by the Institute of Internal Auditors.
SUMMARY/DISCUSSION:
On September 25, 2018, the Board of Supervisors (Board), through Resolution No. 18-316, approved the Internal Audit Policy and revised Budget Committee Roles and Responsibilities recommended by the CAO's Office. Resolution No. 18-316 reaffirms the Board's sole authority under Government Code section 26883 and establishes the Boar...
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