Title
Receive an update on the Auditor Controller's Fiscal Year 2018-19 Internal Audit Plan.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
Receive an update on the Auditor Controller's Fiscal Year 2018-19 Internal Audit Plan.
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. On December 12, 2018 the Board approved the Auditor-Controller Internal Audit Division's (IAD) Internal Audit Policies and Operations Manual and the Fiscal Year 2018-19 Internal Audit Plan.
Originally, the plan contained 12 projects covering a period of 7 months. In hind-sight, scheduling was overly ambitious. The IAD has worked on 5 projects. Completing 4 audits and the Risk Assessment project over a 5-month period (December through April) is reasonable given the complexities of the Risk Assessment and the Parks Lakes Operations and Concessionaire audit.
Audit reports have been issued for the Treasury's December 31, 2018 Statement of Assets and Transient Occupancy Tax operator, Central Coast Resolution and the County Assessor Social Security Number Truncation Program. The IAD has also issued an "interim audit update" on the Parks Lakes Operations and Concessionaires audit. The final audit report is compiled and is awaiting RMA management's responses to recommendations provided before issuance anticipated by May 10, 2019.
Fieldwork on the County-wide Risk Assessment has been completed. The IAD recently received a draft copy and has clarified ambiguous items with Macias, Gini & O'Connell, LLP (MGO) the accounting firm who assisted with the Risk Assessment. The IAD is working to finalize the Risk Assessment and expects to review the document along with the audit plan for FY2019-20 with the Budget Committee on May 29, 2019 and the Board on June 11, 2019.
Attachment A is the...
Click here for full text