AWWA ACE68576

AWWA ACE68576 Improving the Reliability of Utility Financial Reporting through Enhanced Internal Controls
Conference Proceeding by American Water Works Association, 11/01/2008

Miller, Robert K.

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This powerpoint presentation presents the Louisville Water Approach to improving the reliability of financial reporting and itsfocus on objectives, risks,and controls, including the following:Risk Identification and Assessment;Risk Triggers;Pre-event and Post-event Controls; and,Control Effectiveness. Summary of the benefits of an effective program of internal control includes the following:reduces gap between intended and actual results;enhances ability to make representations aboututility performance to stakeholders;allows focus on issues of strategic importance;supports more favorable credit rating; and,enables lower cost of capital.