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/low I)e <br />Istdlif5elp <br />I I re re le <br />ef Oar <br />Audits included in the annual audit plan are selected and prioritized <br />using arisk-based approach. Risk assessment is a process used to <br />identify and prioritize audits based upon specific risk factors related <br />to the quality of internal controls and the estimated potential liability <br />and level of risk exposure to the County of Hawaii related to various <br />County departments, programs, activities, and contracts. The Office <br />of the Legislative Auditor uses several techniques to identify and <br />prioritize audits in the annual plan. These techniques include: <br />• Analysis of operations and internal controls derived from <br />previous audits <br />• Assessment of operations and controls derived from previous <br />external audits including information in the Countv's <br />Comprehensive Annual Finan <br />Audit Reports <br />• Inbut from elected officials. opera <br />tial Reports (CAFRs) and Single <br />groups, ana memo <br />• Benchmarking aga <br />ers of the publi <br />tional management, peer audit <br />c <br />inst the audit priorities of other governmental <br />entities <br />• Consideration of current local <br />public policy issues <br />events, financial conditions, and <br />5 <br />y <br />L <br />ror <br />I. <br />L. LLM <br />,, I y• f. , <br />%5 .: 4 % I % . Z �_ <br />L. r <br />A <br />ii <br />I <br />6J <br />Gevsrnr�ent Aa�lifing Sfander�ls <br />We conduct all audits in accordance with Generally Accepted <br />Government Auditing Standards promulgated by the United States <br />Comptroller General. <br />e <br />FY 2020-2021 Annual Audit Plan <br />rJ <br />ILrIe . <br />A <br />ii <br />I <br />6J <br />Gevsrnr�ent Aa�lifing Sfander�ls <br />We conduct all audits in accordance with Generally Accepted <br />Government Auditing Standards promulgated by the United States <br />Comptroller General. <br />e <br />FY 2020-2021 Annual Audit Plan <br />