Services


Core Services

The Office of Internal Audit provides four core services. The following is a brief description of each.

Assurance
Reviewing operations, policies, and procedures to ensure that the business risks are addressed through appropriate internal controls. This includes compliance reviews to ensure activities are in accordance with requirements.

Consulting
Providing services to help address specific issues and concerns. These issues may not necessarily be high-risk areas but add significant value to clients. Overall, these efforts do not require a substantial investment of our resources, which helps maximize the value of the service.

IT Audit
Ensuring that electronic information is processed as intended, data integrity is maintained, and the control structure is effective. This is primarily achieved through security reviews with the assistance of an external consultant.

Integrity
Investigating allegations regarding employee misconduct and / or non-violent criminal acts involving Metro government resources. These investigations are in response to situations which require immediate action and a substantial amount of resources. We also perform proactive reviews focused on key fraud risk areas, which is a recommended best practice in the internal auditing profession.



What are Internal Auditors?

When people hear internal audit they generally confuse it with a financial audit. This is because people are more likely to be familiar with a financial audit than internal audit. To help people better understand our core services the characteristics of internal auditors are compared to financial auditors below.

                      Internal vs. Financial Auditors...

 Characteristic

Internal Auditor

Financial Auditor

Focus Risk management, control, governance, goals Presentation of financial statements
Scope All operations Fiscal financial records
Status Part of entity External to entity
Audience Internal Management 3rd Party Stakeholders
Report Opportunities and recommendations for improvement Presentation of financial statements
Standards International Standards for the Professional Practice of Internal Auditing

Government Auditing Standards
Generally Accepted Auditing Standards

Generally Accepted Accounting Principles
Designation Certified Internal Auditor (CIA) Certified Public Accountant (CPA)
Skills Interdisciplinary Accounting