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Bluffdale staff report low fraud-risk score, credit audit committee and outside finance support
Summary
City staff told the council the annual fraud-risk assessment stayed in the lowest risk category, citing the audit-review committee and an outside contracted finance director as key contributors to the result.
City staff presented the annual fraud-risk assessment form created by the State Auditor's Office and reported that Bluffdale remains in the lowest risk category. Staff said the city's score "remained the same as last year," and noted that instituting an audit-review committee and contracting an outside finance director helped strengthen internal controls and separation of duties.
Presenters acknowledged that a smaller staff can make separation of duties challenging and said the audit-review committee was the single change that moved the city from the second-lowest to the lowest risk category. Staff offered to answer detailed follow-up questions if council members wanted line-by-line review of the assessment form.
Council took no formal action on the assessment beyond accepting the report.
(Transcript formatting of the numeric score was ambiguous in a few places; staff summarized the result as placement in the lowest-risk category.)
