SUBJECT:
title
Approval of a resolution adopting the FY2026 Annual Internal Audit Plan.
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FISCAL IMPACT:
This action has no fiscal impact.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
EXPLANATION OF STRATEGIC ALIGNMENT: This plan will ensure good stewardship and internal controls for the agency and supports the CapMetro Strategic Plan, particularly CapMetro's Organizational Effectiveness goal to deliver responsibly and sustainably on the CapMetro mission.
BUSINESS CASE: CapMetro's Internal Auditor must set and follow an Audit Plan, to guide the work of the audit team for the year. This Plan also helps CapMetro staff prepare for and allocate resources and time towards supporting the Audit team in their work.
COMMITTEE RECOMMENDATION: This item was presented and recommended for approval by the Finance, Audit and Administration Committee on October 8, 2025.
EXECUTIVE SUMMARY: The Institute of Internal Auditor's International Standards for the Professional Practice of Internal Auditing require risk-based audit plans be developed to determine the priorities of an internal audit activity, consistent with the organizational goals. The proposed FY2026 Internal Audit Plan (the Plan) summarizes the proposed audits and projects that were identified during a comprehensive risk assessment performed by CapMetro's Internal Audit Department. The Plan presents audit activities in two categories: Assurance Services, and Advisory & Consulting Services. The CapMetro Internal Audit Charter requires that the Chief Audit Executive "present for approval to the Finance Audit & Administration Committee a risk-based Audit Plan which documents the priorities of the internal audit function and is consistent with the Authority's strategic goals and objectives." After FAA Committee consideration, the Plan is taken to the full Board for its review and ...
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