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Audit committee adopts Green Book standard and schedules interviews for internal-audit contractor
Summary
The audit committee voted to amend its audit charter to adopt the GAO 'Green Book' as the county's internal-control standard, remove COSO references, and proceed with interviewing three shortlisted firms (from 10 RFP respondents) on Dec. 16 to recommend a three‑year internal-audit contract.
The Buncombe County audit committee voted to amend its audit charter to recognize the U.S. Government Accountability Office's Green Book as the county’s standard for internal control and to remove references to COSO. Unidentified Speaker 4 moved the amendment; the motion passed by voice vote.
Committee members and staff discussed how the internal-audit function will operate if outsourced, including management reporting lines, the liaison role, and the…
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