Audit raised questions for us | LETTER TO THE EDITOR
October 12, 2011 · 7:03 AM
To the editor:
Island Transit respects, values and appreciates the state audit process and our relationship with the State Auditor’s Office, and we always have.
We see the audit process as an opportunity to ensure we are doing things correctly and to implement changes and corrections to improve our reporting practices as recommended by the State Auditor’s Office. If and when issues of concern are raised, we take immediate action and implement changes in procedures and policies to address any areas of concerns.
This year was no exception. When we first became aware of the concerns that were raised, we took immediate action and had procedures and policies in place before the completion of the audit process.
As a matter of principle, the issues raised during this year’s audit raise the question: Why isn’t there a consistent and clear application of what constitutes the level of a finding and the issuance of a management letter?
This year, there was simply a difference of opinion regarding the designation of a “finding” rather than a “management letter.” We simply did not believe the areas of concern raised to the level of a finding.
We appreciate and acknowledge the areas of concerns raised and we appreciate the auditor’s recommendations for making improvements in our processes which are now in place. The most important element of the audit process is to ensure we’re performing our responsibilities according to all laws and regulations and performing our responsibilities to the best of our abilities.
Are we looking forward to the audit process next year? Absolutely.
MARTHA M. ROSE