Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the IT Security topic
No spam. Unsubscribe anytime.
Audit management letter urges stronger IT security awareness, flags upcoming GASB changes
Summary
Auditors included a management-letter comment recommending continued IT security awareness for staff and elected officials and noted upcoming GASB Statements (No. 103 and 104) that will change reporting requirements next year.
As part of the audit package, the auditors issued a management-letter comment recommending increased attention to IT security awareness and monitoring of emerging cybersecurity risks. The auditor said this was a transparency comment they provide to many municipal clients given increasing cyber threats, and that no specific control failures were identified at the city.
The auditors also flagged upcoming Governmental Accounting Standards Board (GASB) statements that will affect future reports: Statement No. 103 (financial reporting model improvements) and Statement No. 104 (capital asset disclosures). They told the committee these standards will require some changes to MD&A and additional budgetary and capital-asset detail in the next year's report.
