City of Bowling Green, Kentucky

Internal Auditor's Office

Objectives

• Annually develop an audit plan using risk-based methodology.
• Implement the annual audit plan, as approved, including special tasks requested by the City Manager.
• Make recommendations for improvements to management based on individual audit results, while noting adherences to correct practices.
• Perform consulting services, beyond internal auditing assurance services, to assist management in meeting its objectives.
• Issue quarterly reports to the audit committee summarizing results of audit activities.
• Monitor key financial processes on a determined periodic schedule.
• Follow up on prior audits to determine if agreed upon recommendations were implemented and report any noncompliance to the City Manager.
• Assist in the investigation of any suspected fraud, waste, abuse, or illegal acts and notify the City Manager and appropriate authorities as needed.

Assessment of Risk

The Internal Auditor’s Office shall submit an annual audit plan to the audit committee based upon a risk assessment within 30 days of fiscal year end. The risk assessment is designed to identify auditable activities, identify the risks associated with those activities, and determine what external factors serve to mitigate the risks. Areas considered being a high-risk receive priority in the annual audit plan.

Audit Reports by Department

Below are a list of internal audits conducted on various City Departments, along with their date of publication: