TO:
Audit Committee
THROUGH:
Annette Royle, Chief of Board Strategy and Governance
FROM:
Mike Hurst, Director Internal Audit
PRESENTER(S):
TITLE:
title
2025 Fraud Risk Assessment
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report for discussion.
BACKGROUND:
The Fraud Risk Assessment is a checklist that the Utah Office of the State Auditor (“State Auditor”) requires the agency to complete annually. The checklist verifies the existence of policies, control activities, and separation of duties that are essential to a strong control environment where the likelihood of fraud is reduced. The 2025 checklist was completed jointly by the Finance department and Internal Audit. After presentation to the Audit Committee, it will be submitted to the State Auditor prior to the deadline on June 30, 2026.
DISCUSSION:
Internal Audit will report on the results and observations from the 2025 Fraud Risk Assessment.
ALTERNATIVES:
Not applicable
FISCAL IMPACT:
ATTACHMENTS: