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Kyle audit report, risk review and payroll audit reviewed as city seeks better internal controls
Summary
City finance staff and consultants described the difference between annual independent audits and forensic audits, presented a Weaver & Tidwell risk-assessment and a payroll audit in progress, and recommended a multi‑year internal audit roadmap prioritizing fee setting, capital delivery and payroll controls.
Perez Moheit, Kyle’s director of finance, told the council the city charter requires an annual independent audit and explained what auditors do and do not do. “An independent audit shall be made of all accounts of the city by a certified public accountant experienced in auditing cities,” he said while summarizing Article 8, Section 8.13 and the March 24 presentation date for the city’s auditor.
Moheit emphasized that financial audits provide reasonable assurance based on sampling and are not forensic investigations: “An independent audit provides reasonable assurance that the financial statements are free of material misstatements,” he said,…
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