TO:
Board of Trustees
THROUGH:
Jay Fox, Executive Director
FROM:
Mike Hurst, Director Internal Audit
PRESENTER(S):
Viola Miller, Chief Financial Officer
TITLE:
title
2024 Fraud Risk Assessment
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report
BACKGROUND:
The Office of the State Auditor (Utah) requires government agencies to annually complete a fraud risk assessment. The assessment is self-administered by the agency and assesses the existence and strength of policies and controls that are key to reducing the risk of fraud. The completed assessment is submitted to The Office of the State Auditor and is to be presented to the agency’s governing body.
DISCUSSION:
The 2024 Fraud Risk Assessment was completed jointly by the Finance and Internal Audit departments. Mike Hurst, Director Internal Audit, submitted the report to the Office of the State Auditor and received confirmation that it was received. The results of the assessment will be shared with the Board of Trustees.
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
ATTACHMENTS:
UTA Fraud Risk Assessment 2024 signed
Fraud Risk Assessment Submission Confirmation