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City accountant reports maximum recommended points on fraud-risk assessment
Summary
Orangeville City accountant Gary Keddington told the council that the city's Fraud Risk Assessment received the maximum recommended points; he described separation of duties, education requirements, credit-card risk concerns and said external auditors will verify the assessment.
Gary Keddington, Orangeville City's accountant, presented the city's Fraud Risk Assessment at the June 11 meeting and said the city received the maximum recommended points.
Keddington reviewed how the score was achieved, emphasized the importance of separation of duties in the city office, and highlighted external audit responsibilities. He called out credit card fraud as a notable exposure area addressed in the assessment and underscored the need for adherence to established procedures and council training required by the audit.
Keddington said the assessment will be audited by external auditors to ensure accuracy. Council did not take formal action on the assessment at the meeting; it was presented as a compliance and informational item.
