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A RESOLUTION TO ESTABLISH AN INTERNAL AUDITING FUNCTION FOR THE CITY OF JONESBORO, ARKANSAS AND DEFINE THE PURPOSE, AUTHORITY, AND RESPONSIBILITY OF INTERNAL AUDITING ACTIVITIES.
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BE IT RESOLVED, BY THE CITY COUNCIL OF THE CITY OF JONESBORO, ARKANSAS, THAT:
Section 1: There is hereby established and authorized an internal audit function for the City of Jonesboro, Arkansas.
Section 2: Responsibility for directing the internal audit function shall be assigned to the Finance Director of the City of Jonesboro. The Finance Director shall be authorized to prepare an internal audit statement of purpose, authority, and responsibility which shall govern the organizational status and administration of the internal audit function.
Section 3: The internal audit function shall report administratively to the Mayor and functionally to the Audit Committee of the City Council of the City of Jonesboro.
BE IT RESOLVED FURTHER THAT:
The internal audit statement of purpose, authority, and responsibility developed by the Finance Director is adopted by reference as defining the policies and procedures which shall be followed in the conduct of internal auditing activities.
PASSED AND ADOPTED this 3rd day of March, 1997.