Fiscal Oversight Module 1 - New York State School Boards ...

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© 2012 New York State School Boards Association, Latham NY Risk Assessment – Evaluation • Need to identify the kind of risk in order to reduce the following risks: – That financial results will be manipulated by recording revenue or expenditures in the wrong year so that the resulting fund balance will meet projected targets – That Individual assets will be stolen – The risk of an unintentional error
© 2012 New York State School Boards Association, Latham NY Internal Audit Evaluation Focus Areas: – Is the experience level of the auditor adequate? – Is the scope of the internal audit adequate? – Relationship with Audit Committee and Management. – Does the Internal Auditor meet with the Audit Committee to provide and discuss the audit plan prior to the audit?
Page 1 and 2: Fiscal Oversight Fundamentals Modul
Page 3 and 4: © 2012 New York State School Board
Page 5 and 6: The Claims Auditor © 2012 New York
Page 29 and 30: Internal Audit Function © 2012 New
Page 33: © 2012 New York State School Board
Page 39 and 40: External Audit Function © 2012 New
Page 45 and 46: Treasurer © 2012 New York State Sc

Fiscal Oversight Module 1 - New York State School Boards ...

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