The city council establishes the office of internal audit. The office of internal audit, its personnel, and any contracted firm that provides audit services shall be budgeted under the city council.
(a) All personnel and financial responsibility for operations of the office of internal audit are assigned to the city council. The audit function of the office of internal audit is assigned to the audit committee.
(b) The internal audit office and any contracted firm that provides audit services shall implement the audit plan, provide timely reports to the audit committee, establish a system to follow up on reported audit findings, establish and implement procedures to prevent and detect fraud, and perform other such duties as assigned by the audit committee or city council.
(c) The office of internal audit will meet or exceed the International Standards for the Professional Practice of Internal Auditing of the Institute of Internal Auditors (latest edition). All internal audit personnel shall comply with the Code of Ethics of the Institute of Internal Auditors (latest edition), and the Conflicts of Interest of Officers and Employees set forth in Chapter 35 of this Code.
(d) The city council may authorize the office of internal audit and any contracted firm that provides audit services to:
(1) Have unrestricted access to all functions, records, property, and personnel of the City of Sioux Falls to the fullest extent necessary in the performance of the audit plan.
(2) Allocate resource, set frequencies, select subjects, determine scopes of work, and apply audit techniques required to accomplish the audit objectives.
(3) Obtain the necessary assistance of personnel within city divisions of the City of Sioux Falls where they perform audits, as well as other specialized services from within or outside the City of Sioux Falls.
(1992 Code, § 2-141) (Ord. 120-05, passed 11-14-2005; Ord. 16-19, passed 2-4-2019; Ord. 37-23, passed 6-13-2023; Ord. 85-24, passed 9-10-2024)