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City controller and external auditors report audit plans and findings, including airport capital-asset adjustments and IT governance concerns
Summary
KPMG and MGO presented the annual audit plan and findings to the committee, reporting an airport capital-asset correction and significant deficiencies related to citywide IT governance and subrecipient monitoring; the airport described corrective steps and the CIO outlined plans to hire a citywide CISO.
The Government and Oversight Committee received presentations on Sept. 17 from the city controller and external auditors summarizing the Comprehensive Annual Financial Report (CAFR) process, recent audit findings and planned audit work for fiscal 2015.
City Controller Ben Rosenfield said the controller's office compiles the fiscal-year financial statements and that external auditors report directly to the audit committee. KPMG senior manager Jamie Cavan presented KPMG's scope for FY2015 audits (including the San Francisco Health Service System, Muni, the Public Utilities Commission and San Francisco International Airport), the audit timeline and a 2014 finding at the airport involving untimely review of capital-asset records that led management to record approximately…
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