Internal Audit News
Announcements from the Office of Internal Audit.
04-26-2017 - 16-106 - Vendor Audit - Ahern Rentals, Inc. (City Report) - Citywide
Effective contract monitoring is important for ensuring contractual compliance, and will aid user departments to not pay for unallowable fees, equipment not included in the equipment schedule, and billing rates not established by the contract.
03-17-2017 - 16-103 - Performance Audit - SID Expense Review - APD
Ensuring the accuracy and approval of financial reports and expense information will enhance APD’s assurance that financial transactions are appropriate and authorized.
03-17-2017 - 16-107 - Performance Audit - Officer Overtime - APD
Consistently following SOPs and protocol for overtime transactions are significant controls that are intended to prevent unauthorized overtime from being approved and paid. Reconciliation of subsidiary systems to main systems and on-going monitoring can effectively detect potential fraud, waste, and abuse.
10-26-2016 - 17-301 - Strategic Review - SID Cash Count
No exceptions were noted for the procedures above. All petty cash funds were accounted for at fiscal year-end, and subsequently deposited in the SID’s main checking account.
OIA Passes Peer Review
The Office of Internal Audit (OIA) passed its peer review on October 20, 2016. Government Auditing Standards (GAS) issued by the Comptroller General of the United States Government Accountability Office requires audit organizations to have an external peer review at least once every three years. The external peer review determines whether the reviewed organization's internal quality control system is adequate and whether quality control policies and procedures are being complied with to provided the audit organization with reasonable assurance of conforming with applicable professional standards.