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Internal Audit 2025 Annual Report and Audit Plan
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DESCRIPTION: To approve the 2025 Audit Plan for the Office of Internal Audit and Compliance
AGENDA NO: Click or tap here to enter text.
ACTION REQUEST:
? Approval ? Review Comment ? Information Only ? Other
RECOMMENDATION:
recommendation
Authorization for the Office of Internal Audit and Compliance to conduct internal audits in accordance with the 2025 Audit Plan and Internal Audit Charter.
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ISSUE/BACKGROUND:
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The purpose of the Office of Internal Audit and Compliance (OIAC) is to provide independent, objective assurance and consulting services designed to add value and improve the organization's operations.
As the governing body of the RTA, the Board of Commissioners determines agency policy and oversees the funding, operation, and expansion of public transportation in the City of New Orleans and the metro area. This oversight function includes establishing accountability for senior management as they seek to accomplish its mission and objectives.
Operating synergistically with the Board's mission is the Office of Internal Audit and Compliance's mission and purpose to provide assurance to the Board that RTA is operating effectively and efficiently in carrying out its mission. Internal Audit provides this assurance by assessing and reporting on the effectiveness of governance, risk management, and control processes designed to help the organization achieve strategic, operational, financial, and compliance objectives.
Per the Internal Audit Charter, the Board of Commissioner must approve the Internal Audit Plan each year. In addition, the Board must receive an Annual Report of the work done by the department. This report and resolution will serve to address both of those mandatory charter elements.
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DISCUSSION:
The Office of Internal Audit and Compliance will continue to operate in accordance with the guidelines established in the charter. The charter continues to highligh...
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