As the contracted Performance Auditor for Snohomish County, Sjoberg Evashenk Consulting recently completed a performance audit of the County’s risk management activities. We found that Snohomish County implemented many leading practices to identify and manage risks to the County; however, additional opportunities exist to enhance its risk management activities to more effectively manage risks, provide greater transparency, and improve the cash position of its Risk Insurance Fund. Further, a more integrated approach to risk management, enterprise risk management, would help the County to proactively identify emerging risks and take steps to mitigate and control identified risks.
The full report can be found here.