Internal auditing is one of the key components of an effective organization-wide risk management structure. The internal audit function performed by the OIAG adds value to the City by providing checks and balances, safeguarding tax payers' assets, enhancing performance, accountability, and responsibilities, and improving the City's overall financial/operational effectiveness and efficiency. The significant dollar amount of financial transactions processed, the use of new information technology systems in processing said financial transactions, and corporate/municipal fraud scandals, are examples of the forces driving the need for internal audit functions and improvements in the organizations that they serve.
Pursuant to Section 48 of the City Charter, the Office of the Independent Auditor General (OIAG) performs internal audit functions including financial, operational, compliance, single audit, investigative, and performance audits of City government, officials, and independent agencies; and examines accounting systems and provides legislative analysis.
Organizationally the OIAG reports to the City Commission. An annual audit plan based on risk analysis identifies potential audits.
Scope of Operations
Pursuant to Section 48 of the City Charter, the scope of work performed by the Office of the Independent Auditor General (OIAG) includes:
- Examining City audit functions and accounting systems;
- Providing budget and legislative analysis; and,
- Conducting financial, attestation, operational, compliance, single act, and performance, audits of City government, officials, and independent agencies.