Number
140242
Version
ORIGINAL
Reference
Sponsor
ALD. KOVAC
Title
A charter ordinance relating to internal audits.
Sections
3-16.5 cr
Analysis
This charter ordinance requires that the auditing division of the office of the city comptroller:
1. Develop an annual audit plan and submit the plan to the finance and personnel committee.
2. Report to the finance and personnel committee, all audits, programmatic reviews, special projects and fraud hotline activity reports prepared by the auditing division.
3. Submit status reports to the common council, indicating audits completed, major findings and corrective actions to be taken.
Body
The Mayor and Common Council of the City of Milwaukee do ordain as follows:
Part 1. Section 3-16.5 of the charter is created to read:
3-16.5 Internal Audit. 1. AUDIT PLAN. a. The auditing division of the city comptroller’s office shall develop an annual audit plan and submit the plan to the finance and personnel committee of the common council.
b. The audit plan shall include, at a minimum, each planned audit, including the type of audit and auditable unit, identifying the department, board, commission, service program, function or policy to be audited.
c. The auditing division may change the audit plan and initiate, conduct or expand the scope of the audit or investigation if the auditing division determines that any of the following is true:
c-1. Fraud, abuse or illegality may have occurred or is occurring.
c-2. An audit finding requires expansion of the audit or investigation in progress.
c-3. A risk assessment analysis changes an auditable unit’s risk profile.
d. If the annual audit plan reported to the finance and personnel committee is amended, all changes to the annual audit plan shall be reported to the finance and personnel committee in the next status report required under sub. 3-a-2.
2. REVIEWS. The auditing division shall conduct an assessment of any audit or special project request of t...
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