City of Stockton Internal Audit Status Report – Moss Adams 06-06-22 | 1 Date: June 6, 2022
To: City of Stockton Audit Committee
From: Moss Adams
Subject: Internal Audit Status Report February 15, 2022 through June 6, 2022 Schedule Status:
• Performance Improvement Projects: Current areas of focus include policy development, enterprise risk assessment, and procurement operational review.
• Internal Control Projects: Current areas of focus include fixed asset internal controls testing and ERP internal controls review. • Basic Internal Auditor Services: Ongoing and on track. Next quarterly findings tracking update is August 2022.
Budget Status:
• Performance Improvement Projects: Total amount invoiced fo r p
erformance work through April 30, 2022 is $124,640.00 compared to a total budget of $200,000.00.
• Internal Control Projects: Total amount invoiced for internal control work through April 30, 2022 is $35,721.00 compared to a total budget of $129,615.00.
• Basic Internal Auditor Services: Total amount invoiced through April 30, 2022 is $61,090.00 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. Established prioritized process to focus on policies that will close audit findings. o Enterprise Risk Assessment: Conducted kickoff meeting, conducted interviews with City staff and Council, conducted all- staff survey, and developed preliminary themes.
o Validation of Responses to Audit Findings: Continued to validate findings reported as complete by City management and update Attachment A
City of Stockton Internal Audit Status Report – Moss Adams 06-06-22 | 2 Findings Tracking Report. The majority of remaining audit findings are related to outstanding policies and procedures. • Internal Control Projects:
o Fixed Asset Internal Controls Testing: Finalized report. o ERP Internal Controls Review: Kicked off project and initiated fieldwork.
• Basic Internal Auditor Services: Continued to keep the Audit Committee apprised of program status. Continued to monitor the Ethics Hotline.
There were no 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: Review documents and develop draft report.
o Procurement Operational Review: Kick off project and initiate fieldwork.
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 ERP Internal Controls Review: Conduct field work and develop preliminary findings.
• Basic Internal Auditor Services: Continue to keep the Audit Committee apprised of program status. Continue to monitor the Ethics Hotline.
Issues:
• None.
Attachment A