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HomeMy WebLinkAbout(0006) M&C 20-0569City of Fort Worth, Texas Mayor and Council Communication DATE: 08/25/20 M&C FILE NUMBER: M&C 20-0569 LOG NAME: 10APPROVAL OF PROPOSED 2021 AUDIT PLAN SUBJECT (ALL) Approve Proposed Fiscal Year 2021 Annual Audit Plan as Recommended by Audit Committee RECOMMENDATION: It is recommended that the City Council accept the recommendation from the Audit Committee and approve the Proposed Fiscal Year 2021 Annual Audit Plan as attached. DISCUSSION: The Fort Worth City Code requires the City Internal Auditor to submit an Annual Audit Plan to the City Council for review. The proposed Audit Plan outlines audits related to: (1) operational efficiency and effectiveness; (2) internal controls; (3) reporting; (4) compliance with laws, policies, and procedures; (5) follow-up to prior internal and external audits and (6) on -going data analysis. AUDIT COMMITTEE - The Proposed Fiscal Year 2021 Annual Audit Plan was presented to the Audit Committee on August 11, 2020. Pursuant to the Committee's charge to provide advice to the City Council regarding oversight for financial reporting, internal controls, and auditing activities, the Committee approved the Proposed Fiscal Year 2021 Annual Audit Plan on August 11, 2020 and voted unanimously to recommend that the City Council approve this action. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that this action will have no material effect on City funds. Submitted for City Manager's Office W. ALL ACMs 6111 Originating Business Unit Head: Patrice Randle 6132 Additional Information Contact: Patrice Randle 6132