BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Receive Annual Audit Training from Board Independent Auditor.
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RECOMMENDATION: Recommendation
Receive Annual Audit Training from Board Independent Auditor.
Body
SUMMARY:
The Board Audit Committee (BAC) was established to assist the Board of Directors (Board), consistent with direction from the full Board, to identify potential areas for audit and audit priorities, and to review, update, plan, and coordinate execution of Board audits.
Per Article 10, paragraph 3 of the BAC Audit Charter, the Independent Auditor shall provide Committee training and other knowledge transfer on some component of audit principles, practices, and standards. While the Committee shall endeavor to schedule and complete such training annually, some component of training must be scheduled and completed by the Committee at least every two years.
On March 19, 2025, the Chief Audit Executive (CAE) introduced several potential training topics and facilitated a discussion with the BAC. Based on the discussion, the BAC requested the CAE prepare and deliver training on audit standards, including best practices, and how Santa Clara Valley Water District compares to other similar agencies.
Additionally, the BAC members agreed that extending the training opportunity to all Board members would help to enlighten the Board regarding the audit function, audit standards, and best practices.
The purpose of this item is to receive training on the specified topic(s).
ENVIRONMENTAL JUSTICE IMPACT:
Annual Audit Training is not subject to environmental justice analysis. The training enables the BAC to carry out its function as it relates to the Board's priorities.
FINANCIAL IMPACT:
There is no financial impact associated with this item.
CEQA:
The recommended action does not constitute a project under CEQA because it does not have a potential for res...
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