Internal Audit

The internal audit activity helps the Florida Lottery accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

The internal audit activity offers two types of services:

• An Assurance Service is an objective examination of evidence for the purpose of providing an independent assessment of risk management, control, or governance processes for the organization. Examples may include financial, performance, compliance, system security and due diligence engagements.
• A Consulting Service is an advisory activity, the nature and scope of which is agreed upon with the client. It is intended to add value and improve an organization's operations. Examples include counsel, advice, facilitation, process improvement, and training.

Internal audit services are to be performed in a way that provides reasonable assurance that work conforms to the International Standards for the Professional Practice of Internal Auditing, the General Principles and Standards for Offices of Inspector General, Information Systems Audit and Assurance Standards, the Office of Inspector General Charter, and OIG Audit Manual.

Responsibility

The Office of Inspector General has the responsibility to:

• Review and evaluate internal controls necessary to ensure the fiscal accountability of the Florida Lottery;
• Develop and implement an annual audit plan;
• Maintain a professional audit staff;
• Establish and maintain a quality assurance program;
• Provide summaries and results of internal audit activities for inclusion in the Office of Inspector General Annual Report;
• Stay informed of emerging trends and successful practices in internal auditing;
• Consider the scope of work of external auditors to avoid duplication of effort; and
• Provide liaison support between external auditors and the agency.