Office of Internal Audit
Provide independent, objective assurance and consulting activities that assist both policy makers and program managers in providing high-quality services in a manner that is accountable, efficient, effective, and ethical. Provide services that add value and improve Louisville Metro Government operations. Support the accomplishment of Louisville Metro Government’s objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Office of Internal Audit charter is decreed in Chapter 30 of Louisville Metro's ordinances. The charter establishes the internal audit activity's position within the organization, authorizes access to records, personnel, and physical properties relevant to the performance of engagements, and defines the scope of internal audit activities. To review the Office of Internal Audit's charter in its entirety click here.
The Office of Internal Audit provides four core services. The following is a brief description of each.
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.
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.
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.
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.
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...
Internal Auditor vs.
Risk management, control, governance, goals vs.
Presentation of financial statements
All operations vs.
Fiscal financial records
Part of entity vs.
External to entity
Internal Management vs.
3rd Party Stakeholders
Opportunities and recommendations for improvement vs.
Presentation of financial statements
International Standards for the Professional Practice of Internal Auditing
Generally Accepted Auditing Standards
Certified Internal Auditor (CIA) vs.
Certified Public Accountant (CPA)
The Office of Internal Audit is staffed with eight professionals, each having obtained a bachelor’s degree, including four with master's degrees. The organizational chart below provides a diagram of Internal Audit's staff structure.
The Office of Internal Audit staff members demonstrate their commitment to the profession by pursuing and attaining professional certifications and through continuing professional education. The information below provides a breakdown of professional certifications held by audit staff (some individuals may have multiple certifications).
Certified Internal Auditor (CIA) - Awarded by Institute of Internal Auditors. A hallmark designation for internal audit professionals; the only globally accepted certification for internal auditors and remains the standard by which individuals demonstrate their competency and professionalism in the internal auditing field.
Certified Fraud Examiner (CFE) - Awarded by Association of Fraud Examiners. This designation denotes proven expertise in fraud prevention, detection, deterrence and investigation.
Certified Public Accountant (CPA) - Awarded by the American Institute of Certified Public Accountants. This certification entitles the holder to perform audits, reviews, and compilations of financial statements.
Six Year Strategic Plan
The Office of Internal Audit’s Six Year Strategic Plan is the roadmap that will assist the department in achieving the goal of being the preeminent provider of value added assurance and consulting services to Louisville Metro Government. This document is divided into several sections – the purpose of the Office of Internal Audit; the vision for the office; our core services we provide to Louisville Metro Government, and our goals and objectives for the next six years.
The Office of Internal Audit’s Six Year Strategic Plan is available for download by clicking on the following.
Previous year updates of the Office of Internal Audit's Six year Strategic Plan is available for download by clicking on the following.
Professional internal auditing standards require that internal audit functions undergo a comprehensive external Quality Assessment Review (QAR) at least once every three to five years. The purposes are to:
•Assess the efficiency and effectiveness of the internal audit activity;
•Identify opportunities and offer ideas and counsel for improving the performance of the internal audit activity;
•Provide a rating as to the Office of Internal Audit’s conformity to the International Standards for the Professional Practice of Internal Auditing and Government Auditing Standards.
An external QAR helps answer the question “Who audits the auditors?”
The results of the Office of Internal Audit’s QAR's are below.
Quality Assessment Reviews are in PDF format, Acrobat Reader is required to view. To get Acrobat reader for free click here.
Provided below are the Office of Internal Audit's tips and Frequently Asked Questions. Select one of the links and enjoy the read.
*Frequently Asked Questions were obtained from The Institute of Internal Auditors.
All general information is in PDF format, Acrobat Reader is required to view. To get Acrobat reader for free click here.
The Office of Internal Audit maintains a professional affiliation with the organizations listed below. Please click on the organizational symbols below to be directed to that organizations home page.
- The Institute of Internal Auditors
- Association of Certified Fraud Examiners
- Association of Local Government Auditors
- Information Systems Audit and Control Association