Press / News
WHO'S AUDITING THE AUDITORS?
August 5, 2010 -- The Association of Local Government Auditors (ALGA) completed an audit of the City Controller’s Audit Division Friday, July 30, 2010. Certified and trained audit management from Albuquerque, NM; El Paso and Garland, TX, spent the week ending July 30, 2010, performing their detailed test work.
The objective of the Controller’s Office requesting the peer review was to provide assurance on compliance with professional standards under both Government Auditing Standards (GAS) promulgated by the Government Accountability Office (GAO) and the Standards issued by the Institute of Internal Auditors (IIA).
There were separate reports issued to communicate the results for each set of standards – both concluded that the Audit Division is in full compliance and has an internal system of quality control designed and operating effectively to reasonably assure continued compliance.
The Office of the City Controller’s Audit Division is a member of ALGA, which offers a reciprocal agreement to provide compliance reviews on affiliated organizations at a significantly reduced cost.
Using the membership affiliation to perform the review yielded a minimum savings of approximately $25,000. This sends a clear message to our constituency that we are being cost conscious while also holding ourselves open to accountability and scrutiny – and answers the question “Who audits the auditors?”