Internal Audit Practices. (FTA's Financial Management Oversight Program)

摘要

This report is a product of FTA's Financial Management Oversight Program. Itsummarizes the best transit internal audit practices and innovative techniques currently in use. Though rather new within some organizations, internal audit departments/IADs are expected to oversee the operations and effectiveness of existing internal controls and to design new controls for changing operations and more. This report highlights the importance of IADs and reflects the need to move transit IADs beyond their tradition audit functions (testing for compliance with policies and procedures) to become business 'partners' that help transit agencies become more cost effective and efficient. The report focuses on current internal audit efforts, discusses the current organizational structures and different practices employed by transit IADs as well as their effectiveness, and transit governing bodies' support of their function.