Where Do the Audits Go?
The following are excerpts from a Recommended Practice report prepared by the Government Finance Officers Association ( found on the web at www.gfoa.org).
"The Government Finance Officers Association (GFOA) makes the following recommendations regarding the establishment of audit committees by state and local governments:
• The governing body of every state and local government should establish an audit committee or its equivalent;
• All members of the audit committee should be members of the governing body.
• It is the responsibility of the audit committee to provide independent review and oversight of a government’s financial reporting processes, internal controls and independent auditors;
• The audit committee should have access to the reports of internal auditors, as well as access to annual internal audit work plans;
• The audit committee should establish procedures for the receipt, retention, and treatment of complaints regarding accounting, internal accounting controls, or auditing matters. Such procedures should specifically provide for the confidential, anonymous submission by employees of the government of concerns regarding questionable accounting or auditing matters"
Do you think this is in place at GCPS? Does the internal audit department present all of their reports to the Board's Audit Committee or the entire Board? How does GCPS handle the "treatment of complaints?"
These are all good questions to ask. Why? Because a good and truly independent audit function can uncover and report significant issues like those raised in this blog. No one likes being audited, it's tough to have a fault or defficiency pointed out. However, it is much better for auditors to be ALLOWED to do their job than to have issues go unnoticed and uncorrected.
Maybe we could ask GCPS' Internal Audit Director, except he was recently forced to resign. Why could that have happened?