AUDIT RESULTS
Results in brief
This report describes the overall results and conclusions for the areas we examined. In those
selected areas, Pool operations complied, in all material respects, with applicable state laws,
regulations, and its own policies, and provided adequate controls over the safeguarding of public
resources.
In keeping with general auditing practices, we do not examine every transaction, activity, policy,
internal control, or area. As a result, no information is provided on the areas that were not
examined.
About the audit
This report contains the results of our independent accountability audit of the Washington Counties
Risk Pool from October 1, 2018 through September 30, 2019.
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
obtaining 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. The
procedures performed were based on our assessment of risks in the areas we examined.
Based on our risk assessment for the year ended September 30, 2019, the areas examined were
those representing the highest risk of fraud, loss, abuse, or noncompliance. We examined the
following areas during this audit period:
Payroll – gross wages, leave cash outs and electronic funds transfers
Accounts payable – general disbursements and electronic funds transfers
Compliance with solvency requirements
Financial condition and fiscal sustainability
Open public meetings – documentation of minutes
Office of the Washington State Auditor
Page 4
