AWWA ACE68576

This powerpoint presentation presents the Louisville Water Approach to improving the reliability of financial reporting and its focus 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 about utility performance to stakeholders; allows focus on issues of strategic importance; supports more favorable credit rating; and, enables lower cost of capital.