|
|
|
Annual Audit Plan
|
Annual Audit Plan Selection of audit projects is one of the most important responsibilities of the Director of Audit. Careful consideration is given to prioritizing audit areas so that audit resources are allocated efficiently and effectively. The Internal Audit Charter (Regulation 1420) requires the Director to prepare and submit an annual audit plan to the Audit Committee for review and approval. The audit plan is normally submitted to the Committee at the beginning of the fiscal year. The Committee also approves mid-year changes to the approved plan. We solicit suggestions for audit topics from the School Board, Administration, departmental management, and staff. We welcome your suggestions for audits. Please contact us at theresa.weatherman@fcps.edu or call us at 571-423-1326. The Office is in the process of developing a risk assessment model to target additional priority audit areas. The model will compare various factors for each budgeted program or revenue source including proposed expenditures, estimated revenues, number of staff, audit requests, and the date and results of the last audit. The model will score each factor, weight the factor for relative importance, and calculate a weighted score for each item. The items with the highest weighted scores will then be considered for inclusion in the Annual Audit Plan. Annual Plans
|
| Last
Updated:
June 1, 2008 Curator: Theresa Weatherman, Theresa.Weatherman@fcps.edu |