Public Transit Industry Internal Audit Practices: Site Visit Summaries

摘要

The American Public Transit Association (APTA) Internal Audit Committee (IAC)sponsored a research project funded by the Federal Transit administration (FTA). The research, conducted by KPMG Peat Marwick LLP (KPMG) from September 1994 through March 1995, resulted in a report released in August 1995 entitled 'Internal Audit Practices.' That report highlighted the importance of internal audit departments (IADs) and current internal audit efforts. It also discussed current organizational structures, summarized certain best practices, and presented some ideas to consider for a model internal audit function. The purpose of the companion report is to share additional information about the nine transit internal audit departments visited during the research project. Topics include Mission and Organization, Audit Planning and Risk Assessment, Use of Technology, Quality Influencers, and Departmental Strengths or Best Practices. The report sponsors hope the information shared in the report will stimulate discussion among IADs. Furthermore, the sponsors hope IADs (and agencies contemplating forming an internal audit function) will contact the research particpants to gain additional insight into practices in the report.