TO: Audit Committee
THRU: Rose Rasmussen, Internal Audit Director
FROM: Office of Internal Audit
DATE: August 27, 2026
RE:Title
Accept Fiscal Year 2027 Annual Audit Plan
Title
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COUNCIL DISTRICT(S):
Council District(s)
All Districts
b
Relationship To Strategic Plan:
Goal 5: The City of Fayetteville will be a financially sound city providing exemplary city services.
Executive Summary:
The Office of Internal Audit has developed the proposed Annual Audit Plan for fiscal year 2027. The plan identifies the audits and other activities the Office intends to perform based on the results of the annual risk assessment and available resources.
Background:
The Office of Internal Audit develops its Annual Audit Plan each fiscal year to establish priorities for audit activities. The plan is developed using the results of the annual risk assessment, which evaluates organizational risks across city operations. The risk assessment considered factors such as financial exposure, regulatory requirements, operational complexity, management concerns and potential impact to city operations. The resulting audit plan is designed to allocate audit resources to areas presenting the greatest risk while maintaining flexibility to address emerging issues throughout the year.
Issues/Analysis:
The proposed FY2027 Annual Audit Plan reflects a risk-based approach to selecting audit projects and allocating available resources. The plan includes a balanced mix of new audits, follow-up audits, required annual reviews, and administrative activities necessary to support the Office of Internal Audit.
Budget Impact:
There is no budget impact associated with the approval of the Annual Audit Plan.
Options:
1. Accept the FY2027 Annual Audit Plan as presented.
2. Do not accept the FY2027 Annual Audit Plan as presented and provide additional direction to staff.
Recommended Action::Recommended Action
Accept the FY2027 Annual Audit Plan as presente...
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