As required, the Office develops a new audit work plan. The process of selecting audits to include in the work plan begins with each Board of Supervisors Office, the County Executive Officer, and the Performance Audit Director identifying potential audit engagements. Each proposed engagement is then evaluated using a formal risk assessment process to quantify the relative risk of each engagement across a variety of categories such as fraud, operations, finance, and opportunity for cost savings. Following the risk assessment, the Board of Supervisors makes the final selection of audit engagements, which are then included in the Office’s audit work plan.
Identify Scope, Objectives, Methodology, Risks, Resources, and Standards
Establish formal process documentation and supervision protocols for audit
Information Gathering
Obtain documents and data
Conduct interviews and perform additional research
Analysis
Perform data analysis and review qualitative information
Test all evidence for sufficiency, competence, and relevance
Identify findings and obtain supporting documentation
Review
Finalize findings, including criteria, condition, effect, and cause
Prepare recommendations(How to make the “What Is” into “What Should Be”)
Prepare final documentation of work performed
Report Preparation & Validation
Articulate findings, conclusions, and recommendations
Verify all process and finding documentation
Provide audited entity with a Preliminary Draft Report
Provide audited entity the opportunity to comment on findings and recommendations (Fact Review Meeting)
Communication to Board, CEO, and the Public
Provide the Board of Supervisors and the CEO with a Final Draft Report
Place Final Report on public agenda
Monitoring & Follow-Up
Provide support to Board, CEO, and/or audited entity, as needed, in monitoring the progress of audit recommendation implementation (e.g., participation in subcommittees)
