City of Stockton Internal Audit Status Report – Moss Adams 08-08-22 | 1 Date: August 08, 2022
To: City of Stockton Audit Committee
From: Moss Adams
Subject: Internal Audit Status Report June 6, 2022 through August 8, 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 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 July 31, 2022 is $143.019.00 compared to a total budget of $200,000.00.
• Internal Control Projects: Total amount invoiced for internal control work through July 31, 2022 is $38,770.00 compared to a total budget of $84,615.00.
• Basic Internal Auditor Services: Total amount invoiced through July 31, 2022 is $80,000.00 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. Reviewed one policy prior to f
inalization.
o Enterprise Risk Assessment: Developed draft report and reviewed with management, and finalized report.
o Procurement Operational Review: Kicked off project and initiated fieldwork.
Attachment A
City of Stockton Internal Audit Status Report – Moss Adams 08-08-22 | 2 o Validation of Responses to Audit Findings: Continued to validate findings reported as complete by City management and update.
Closed one audit finding.
o Findings Tracking Report. The majority of remaining audit findings are related to outstanding policies and procedures. • Internal Control Projects:
o ERP Internal Controls Review: Conduct process interviews for various ERP status and continue fieldwork
• Basic Internal Auditor Services: Continued to keep the Audit Committee apprised of program status. Continued to monitor the Ethics Hotline.
There was one report since the last Audit Committee meeting, which is in process of being reviewed.
Activities for the next Reporting Period:
• Performance Improvement Projects:
o Procurement Operational Review: Conduct interviews and review documents, and prepare preliminary observations.
o HR Process Improvement: Conduct kickoff meeting and identify priority process for improvement.
o Fraud, Waste, and Abuse Training: Conduct kickoff meeting and planning sessions with City staff.
o Policies: Continue to assist the City with completing outstanding policies and procedures to fill in gaps.
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: Continue 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