File #: BC 18-125    Name: Internal Audit Charter, Policy and Operations Manual, Fiscal Year 2018-19 Audit Plan
Type: Budget Committee Status: Agenda Ready
File created: 10/17/2018 In control: Budget Committee
On agenda: 11/13/2018 Final action:
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.
Attachments: 1. Attachment A - Internal Audit Charter, 2. Attachment B - Internal Audit Policies and Operations Manual, 3. Attachment C - FY 2018_2019 Internal Audit Plan, 4. Attachment D.1 - IIA Model-Audit-Committee-Charter, 5. Attachment D.2 - Gap Analysis Executive Summary, 6. Attachment D.3 - Gap Analysis, 7. Attachment D.4 - Audit Committee Charter Template, 8. Attachment D.5 - Audit Committe Charter Supplemental, 9. Budget Committee Slides 11.13.pdf
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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