INTERNAL AUDITING SERVICES

The County of Riverside is seeking internal auditing services for the Treasurer-Tax Collector Department. The selected vendor, MGT of America, LLC, will perform the audit in conformance with the "Standards for the Professional Practice of Internal Auditing" as promulgated by the Institute of Internal Auditors. The scope of work includes providing professional review and drawing upon best practices adopted in other jurisdictions. The contract is for internal auditing services, and the vendor will provide the highest level of financial review in accordance with State Law. • The County of Riverside is an elected official playing a key role in the county's financial management team. • The Treasurer-Tax Collector Department manages the Treasurer's Pooled Investment Fund (TPIF) on behalf of the county, its school districts, and other member agencies. • The TPIF has a current balance of $7.5 billion. • The County Treasury also serves as the primary banking resource for its depositors, handling annual receipts in excess of $13 billion. • The office bills and collects over $3.5 billion in property tax charges and special assessments for the county and its taxing entities.