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Subject
title
Investment Manager Contracts, Internal Audit Report No. 25-504
overview
Overview
The Internal Audit Department of the Orange County Transportation Authority has completed an audit of investment manager contracts. Based on the audit, oversight, contract compliance, and invoice review controls are generally adequate; however, two recommendations have been made to improve compliance with contract terms related to replacing key personnel and to improve the timeliness of invoice processing.
recommendation
Recommendation(s)
Direct staff to implement two recommendations provided in Investment Manager Contracts, Internal Audit Report No. 25-504.