City of Stockton Internal Audit Status Report – Moss Adams 02-22-22 | 1 Date: February 22 , 2022
To: City of Stockton Audit Committee
From: Moss Adams
Subject: Internal Audit Status Report December 1, 2021 thru February 15, 2022 Schedule Status:
• Performance Improvement Projects: Current area of focus includes policy development and enterprise risk assessment.
• Internal Control Projects: Current areas of focus include inventory and fixed asset internal controls testing.
• Basic Internal Auditor Services: Ongoing and on track. Next quarterly findings tracking update is May 2022.
Budget Status:
• Performance Improvement Projects: Total amount invoiced for p
erformance work through January 31, 2022 is $81,385.00 compared to a total budget of $200,000.00.
• Internal Control Projects: Total amount invoiced for internal control work through January 31, 2022 is $28,700.00 compared to a total budget of $84,615.00.
• Basic Internal Auditor Services: Total amount invoiced through January 3 1, 2022 is $42,640.00 compared to a total budget of $80,000.00.
Activities for this Reporting Period:
• Performance Improvement Projects:
o Policies: Continued to assist the City with completing outstanding policies and procedures to fill in gaps.
o Enterprise Risk Assessment: Conducted kickoff meeting, provided document request to City, and started scheduling interviews with m
anagement and Council.
o Validation of Responses to Audit Findings: Continued to validate findings reported as complete by City management and update Findings Tracking Report.
Attachment A
City of Stockton Internal Audit Status Report – Moss Adams 02-22-22 | 2 • Internal Control Projects:
o Fixed Asset Internal Controls Testing: On pause due to ERP project.
o Inventory Internal Controls Testing: Finalized report. • Basic Internal Auditor Services: Continued to keep the Audit Committee apprised of program status. Continued to monitor the Ethics Hotline.
There were two reports since the last Audit Committee meeting.
Activities for the next Reporting Period:
• Performance Improvement Projects:
o Policies: Continue to assist the City with completing outstanding policies and procedures to fill in gaps.
o Enterprise Risk Assessment: Conduct interviews and review documents.
o Validation of Responses to Audit Findings: Continue to validate findings reported as complete by City management and update Findings Tracking Report.
• Internal Control Projects:
o Fixed Asset Internal Controls Testing: Perform fieldwork. • Basic Internal Auditor Services: Continue to keep the Audit Committee apprised of program status. Continue to monitor the Ethics Hotline.
Issues:
• None.
Attachment A