City of Portland Housing Bureau Risk Audit.

Big "O" story is HERE; 48 page auditor report is HERE:

We performed a broad-based audit to assess risk at the Housing Bureau because the Bureau is relatively new and has experienced significant change since its inception....A risk differs from an audit finding. An audit finding identifies a problem that is occurring, while a risk identifies potential problems that warrant management attention. We identified six risk areas that warrant management attention.We also concluded that the Bureau has partially implemented the recommendations from our 2007 audit on the 10-year Plan to End Homelessness. In addition, we found that the Bureau has addressed significant deficiencies identified in the City’s 2009 and 2010 financial audits. The Bureau is already working to address many of the risks we identified; we recommend that they continue their efforts and consider implementing the mitigating activities we propose for each risk.

Originally created and posted on the Oregon Housing Blog.