Title
A Resolution Adopting the Internal Audit Charter of the Office of the City Auditor of the City of Colorado Springs, Effective September 22, 2026
Presenter:
??Natalie Lovell, City Auditor, Office of the City Auditor?
Body
Summary:
??The Internal Audit Charter was prepared by the City Auditor and presented to the Audit Committee on August 20, 2026, following a dedicated workshop with the citizen members of the Committee on July 9, 2026. The Audit Committee reviewed the charter, provided feedback, and fully supports the final version being submitted for City Council for approval. ?
Background:
The Internal Audit Charter establishes the mandate, authority, and responsibilities of the Office of the City Auditor and is fundamental to the independence and effectiveness of the internal audit function. The Internal Audit Charter reflects requirements outlined in City Charter and City Code, which position the City Auditor as an independent position appointed and supervised by City Council, with unrestricted access to the information, personnel, records, and systems needed to carry out internal audit responsibilities.
The Internal Audit Charter has been updated to align with the 2024 Global Internal Audit Standards, which articulate essential conditions for the governing body to support an effective internal audit function. The 2024 Global Internal Audit Standard 6.2 requires every internal audit function to maintain a formal Internal Audit Charter, approved by the governing body, that documents the mandate, authority, and responsibilities of internal audit. The updated Internal Audit Charter fulfills this requirement and positions the Office of the City Auditor to successfully complete its external quality assurance review/audit (peer review) scheduled for next year, where conformance with Standard 6.2 will be evaluated.
Beyond meeting professional compliance obligations, the updated Internal Audit Charter strengthens governance, transparency, an...
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