Audit committee adopts government auditing standard, instructs new internal auditor to draft charter

The Grand County Audit Committee voted unanimously July 7 to direct internal auditor Julian Metcalfe to draft an audit committee charter under Generally Accepted Government Auditing Standards (GAGAS) and to move forward with initial audit work focused on accounting and controls for restricted Transient Room Tax (TRT) funds.

The decision followed a presentation by Julian Metcalfe of GPP Analytics, who recommended using a government-specific standard to enhance credibility and independence. Metcalfe said, "I think it's important to consider this if you haven't looked at audit standards before because it adds to the credibility of the work." Committee members agreed and approved a motion to have Metcalfe prepare a charter for adoption at the next meeting. The motion passed unanimously.

Committee members said they want the internal audit function to identify…