District wide audit risk assessment: Final report
- Metadata
Title
District wide audit risk assessment: Final report
Created Date
September 1st, 2018
Published Date
September 1st, 2018
Description
Abstract: The District engaged TAP International to conduct a District-wide risk assessment of operations for FY 2017-18. Generally Accepted Government Auditing Standards suggest use of a risk assessment to prioritize limited financial resources on areas that need immediate attention. The results of the risk assessment are used to assist in the development of an Annual Audit Work Plan. The Annual Audit Work Plan also includes the audit suggestions of individual Board members and District staff. The Annual Audit Work Plan will be prepared under separate cover. "Risks, from an audit perspective, represent improvement opportunities that could result from active monitoring or from audits. The identification of risk areas does not necessarily indicate that a problem is currently present. All public agencies have risk that could be inherent or be specific risks. An example of inherent risk is managing a multi-million capital construction program. The magnitude of the District's financial investment into capital projects is the leading cause of the inherent risk. One example of a specific risk is repeated cost overruns on capital construction projects." -- Cover letter.
Creators and Contributors
Creator:
TAP International
Creator: Santa Clara Valley Water District (Calif.)
Publisher: TAP International
Copyright holder: Santa Clara Valley Water District
Creator: Santa Clara Valley Water District (Calif.)
Publisher: TAP International
Copyright holder: Santa Clara Valley Water District
Language
Media Type
Format
Report
Extent
1
File
Dimensions
22
x
28
cm
Copyright Statement
Copyrighted. Rights are owned by Santa Clara Valley Water District. Copyright Holder has given Institution permission to provide access to the digitized work online. Transmission or reproduction of materials protected by copyright beyond that allowed by fair use requires the written permission of the Copyright Holder. In addition, the reproduction of some materials may be restricted by terms of gift or purchase agreements, donor restrictions, privacy and publicity rights, licensing and trademarks. Works not in the public domain cannot be commercially exploited without permission of the copyright owner. Responsibility for any use rests exclusively with the user.
Country of Creation
United States
Copyright Date
September 1st, 2018
Contributing Organization
Call Number
HD 61 D57 2018
Internet Archive (External)