AUDIT RESULTS
This report describes the overall results and conclusions for the areas we examined. In those
selected areas, Pool operations complied with applicable state laws, regulations, and its own
policies, and provided adequate controls over the safeguarding of public resources.
About the audit
This report contains the results of our independent accountability audit of the Washington Counties
Risk Pool from October 1, 2017 through September 30, 2018.
Management is responsible for ensuring compliance and adequate safeguarding of public resources
from fraud, loss or abuse. This includes the design, implementation and maintenance of internal
controls relevant to these objectives.
This audit was conducted under the authority of RCW 43.09.260, which requires the Office of the
State Auditor to examine the financial affairs of all local governments. Our audit involved
performing procedures to obtain evidence about the Pool’s uses of public resources, compliance
with state laws and regulations and its own policies and procedures, and internal controls over such
matters.
In keeping with general auditing practices, we do not examine every transaction, activity or area.
Instead, based on our risk assessment for the year ended September 30, 2018, the areas examined
were those representing the highest risk of fraud, loss, abuse, or noncompliance. The following
areas were examined during this audit period:
Compliance with solvency requirements
Claims handling – tracking and payment of claims
Accounts payable – credit card transactions
Financial condition and fiscal sustainability
Open public meetings – documentation of minutes
Washington State Auditor’s Office
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