Summary

No internal audit reports were issued by the Office of Inspector General during the review period July 2005 through June 2006.  Accordingly, the scope of our work was not sufficient to enable us to express, and we do not express, an opinion on the Office of Inspector General’s quality assurance program, as implemented during the review period, or on the extent to which the Office of Inspector General/internal audit activity complied with professional auditing standards. 

Section 20.055, Florida Statutes, governs the operation of State agencies’ offices of inspectors general and internal audit activities.  Matters which should be addressed by management to ensure compliance with that statute are summarized below:

Finding No. 1:    Contrary to Section 20.055(5), Florida Statutes, the Office of Inspector General issued no audit reports during the review period, or since the inception of the Office in 2003. 

Finding No. 2:    Office of Financial Regulation records did not clearly demonstrate that the Office made a determination that the educational background of the incumbent Inspector General met the requirements of Section 20.055(4), Florida Statutes.

Finding No. 3:    Contrary to Section 20.055(5)(h), Florida Statutes, for the 2005-06 fiscal year, an audit plan, based on a current risk assessment, had not been prepared by the Office of Inspector General.  In addition, the risk assessment process utilized did not document the Inspector General’s consideration of relevant information.

The Commissioner's response is included at the end of this report as Appendix A.