:: Types of Internal Audit Services

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Financial Audits include financial statement and financial related audits. Financial statement audits provide reasonable assurance that the financial statements of an audited entity present fairly the financial position, results of operations, and cash flows in conformity with generally accepted accounting principles.

Financial related audits determine whether (a) financial information is presented in accordance with established or stated criteria, (b) the City has adhered to specific financial compliance requirements, or (c) the City’s internal control structure over financial reporting and/or safeguarding assets is suitably designed and implemented to achieve the control objectives. In accordance with the City Charter, an independent accounting firm conducts the financial statement and financial related audits of the City. The Office of the City Manager - Finance Division coordinates the work of the independent accounting firm. The annual audit determines whether the financial statements fairly present the City's financial condition according to generally accepted accounting principles. The annual financial audit also includes reviews to determine City compliance with laws and regulations, particularly for those programs receiving federal funding.

The nature and scope of any financial audits Internal Audit performs differ significantly from the external audit of the City's financial statements. The primary emphasis of the financial audits Internal Audit conducts is to assess whether the City's internal control systems ensure:

  • Resources are used in accordance with laws, regulations, and policies;
  • Reliable data are obtained, maintained, and properly disclosed in financial and management reports; and
  • Resources are safeguarded against loss due to fraud, theft, errors, and mismanagement.

These audits provide city management with the objective information required to ensure that internal control systems are working as intended.

 
 
Internal Audit Services
Internal Audit Hours
8:00 a.m. - 5:00 p.m.
Monday - Friday
3900 Main Street - 6th Floor
For more information, call the Internal Audit Division at
951-826-5688.
Email Internal Audit
 
Mission
Our mission is to provide the City Manager and Department Directors independent, objective and useful information regarding the services and functions of the City government.
Goals & Objectives
The goals of Internal Audit are to promote accountability to the public and to improve the economy, efficiency, and effectiveness of City government. Our objective is to conduct audits that enable the City to reduce, avoid or recover costs; and to alert City Management to potential problems that could undermine the public’s trust in City government.
Standards Federal Rules & Regulations Associations