The audit objectives of the Internal Audit Office are founded on the Annual Audit Plan. The Annual Audit Plan is derived from the City of El Paso Internal Audit Charter and the Annual Audit Plan identifies risks in the areas of:
The Internal Audit Office's role is further defined in the Institute of Internal Auditors' definition of internal auditing: Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations. It helps an organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.
The Internal Audit Office conducts audits in accordance with the United States Government Accountability Office (GAO) Generally Accepted Government Auditing Standards (Yellow Book) and the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing (Red Book).
Yellow Book Standards Red Book Standards