Financial Audits and Mandates

What We Do

The Internal Audit Department performs the following mandated audits:

  1. The quarterly review of the Orange County Treasurer’s statement of assets in the County treasury. This review is done for the quarters ending March 31, June 30, and September 30. Section 26920 (a) of the California Government Code requires that the auditors accomplish this review in accordance with the Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants.
  2. The quarterly audit of the Orange County Treasurer’s statement of assets in the County treasury, for the quarter ending December 31. Section 26920 (b) of the California Government Code requires that an audit be performed and an opinion be expressed as to whether the treasurer's statement of assets is presented fairly and in accordance with generally accepted accounting principles. The auditors accomplish this audit in accordance with the Codification of Statements on Auditing Standards issued by the American Institute of Certified Public Accountants.
  3. Every three years, ending June 30, an audit of the Treasurer-Tax Collector’s Office Redemption Section. The objective of the audit is to evaluate the reliability and integrity of financial and operational tax redemption records and to determine compliance with laws and regulations governing redemption activities. Section 4108.5 of the Revenue and Taxation Code mandates the audit.
  4. Every two years, ending June 30, an audit of the Juvenile Division’s books and accounts for the Orange County Probation Department. The audit includes an evaluation of Probation’s internal controls and processes relating to cash receipts and disbursements for juvenile probation cases. Chapter 2, Section 275(b) of the Welfare and Institutions Code mandates the audit.
  5. Each year we audit and issue an opinion on the District Attorney’s Schedule of Approved Budget and Cumulative Expenditures and the Schedule of Costs Claimed and Accepted (financial statements) of the Spousal Abuser Prosecution Program, a grant funded by the California Department of Justice. This audit is conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards. In accordance with Government Auditing Standards, we also issue a report on our consideration of the internal control structure and compliance with laws and regulations based on our audit of the financial statements.
  6. (financial statement) for the Worker's Compensation Insurance Fraud Program, and for the Automobile Insurance Fraud Program. Both grants are funded by the California Department of Insurance. These audits are conducted in accordance with auditing standards generally accepted in the United States of America and Government Auditing Standards. In accordance with Government Auditing Standards, we also issue reports for each grant on our consideration of the internal control structure and compliance with laws and regulations based on our audit of the financial statements.