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Scope of Audit Activities <br />Audit coverage will encompass, as deemed appropriate by the Internal Audit <br />Division and County Management, independent reviews and evaluations of any <br />and all management operations and activities to appraise: <br />• Measures taken to safeguard assets, including tests of existence and <br />ownership as appropriate. <br />• The reliability, consistency, and integrity of financial and operating <br />information. <br />• Compliance with policies, plans, standards, laws, and regulations that <br />could have significant impact on operations. <br />• Economy and efficiency in the use of resources. <br />• Effectiveness in the accomplishment of the mission, objectives, and goals <br />established for the County's operations and projects. <br />Audit activities will be coordinated, to the extent possible, with Federal and State <br />agencies and external auditors, so as to enhance audit efficiency. <br />Limitation of Authority and Responsibility <br />In performing their functions, the Internal Audit Division has neither direct <br />authority over, nor responsibility for, any of the activities reviewed. The Internal <br />Audit Division will not develop and install procedures, prepare records, make <br />management decisions, or engage in any other activity that could be reasonably <br />construed to compromise their independence. However, in connection with the <br />complementary objectives of this audit function, the Internal Audit Division will <br />recommend accounting policies and procedures for approval and implementation <br />by appropriate management. Therefore, internal audit review and appraisal do <br />not in any way substitute for other activities or relieve other persons in the <br />County of the responsibilities assigned to them. <br />III. REPORTING STRUCTURE <br />The Internal Audit Division reports to and is accountable to County Management <br />Office for day-to-day operations. The Internal Audit Division has full access, and <br />is expected to use this access, to the Audit Committee for any matters deemed <br />appropriate. The Audit Committee has oversight responsibilities of the audit <br />function and activities, including review and approval of the annual audit plan and <br />any revisions thereto. The Audit Committee shall work to ensure maximum <br />coordination between the work of the Internal Audit Division and the needs of the <br />County Manager and the County Commissioners. <br />AWachmenl number 1 \n <br />F-1 Page 23 <br />