File #: 2024-3918    Version: 1 Name:
Type: Information Item Status: Filed
File created: 10/23/2024 In control: AUDIT AD HOC COMMITTEE
On agenda: 11/6/2024 Final action: 11/6/2024
Title: INTERNAL AUDIT UPDATE
Sponsors: Wally Ritchie
Attachments: 1. Agenda Report

FROM:                     Robert Thompson, General Manager

                     Originator: Wally Ritchie, Director of Finance

 

SUBJECT:

 

title

INTERNAL AUDIT UPDATE

end

 

GENERAL MANAGER'S RECOMMENDATION

 

recommendation

RECOMMENDATION:

Information Item.

body

 

BACKGROUND

 

The Orange County Sanitation District (OC San) recently conducted a competitive solicitation and selected the audit firm of Vasquez + Company LLP (Vasquez) to provide internal audit functions.  The estimated fees were under the General Manager’s delegated authority, so no action is required of the Committee.  However, the staff would like to introduce the selected firm to the Audit Ad Hoc Committee.

 

RELEVANT STANDARDS

 

                     Conduct audits to determine if OC San operations are being conducted in an economical and efficient manner

                     Conduct audits to establish whether specific government programs are effective in meeting their stated goals and objectives

                     Conduct audits to determine if OC San is following policies and procedures in conducting operations

 

ADDITIONAL INFORMATION

 

OC San issued a Request for Proposal for Internal Auditing Services in June 2024, 8 firms submitted proposals. A team of internal subject matter experts evaluated the proposals, selecting Vasquez as the best fit and value for OC San’s current internal auditing needs.

 

Key staff from Vasquez will be introduced at the Audit Ad Hoc Committee meeting. Additionally, staff and the auditors will present potential topics for future audit selection.

 

 

 

ATTACHMENT

The following attachment(s) may be viewed on-line at the OC San website (www.ocsan.gov) with the complete agenda package:

 

N/A