The ongoing impacts of the coronavirus pandemic on the public sector are still unfolding. As COVID-19’s impact on local government revenues and expenditures becomes clear, rating agencies will be watching how governments respond to these changes and making rating decisions based on the effectiveness of the response.
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Governance encompasses all aspects of how an organization is directed and managed: the system of rules, practices, processes, and controls by which it operates. Internal auditors can bring a unique perspective on the effectiveness of governance within an organization.
The OSBM Office of Internal Audit has teamed with the Office of the