4. Attachment1

Annual Memo

P.O. Box 1209 
Seattle, WA 98111-1209 
Tel: 787-3000 

March 28, 2024 
Audit Committee
Port of Seattle 
Re: Required Annual Communication 
Annual communication is required by the Institute of Internal Auditors’ Internal Standards for the Professional
Practice of Internal Auditing (IIA Standards): 
Internal Audit Charter 
Internal Audit Department’s activities are formally defined in the Charter. A periodic review process is in place
to assure that the Charter is still relevant and reflects our department’s activities. The Charter was last updated 
and presented to the Port Commission for review and approval on September 24, 2020. 
Confirmation of Organizational Independence 
At the Port, the  Internal Audit Department continues to be  organizationally  independent by reporting
functionally to the Audit Committee and administratively to the Executive Director. 
Quality Assurance and Improvement Program 
The Internal Audit Department has an adequate quality assurance and improvement program in place, which
covers all aspects of our internal audit activities. This has been evidenced by the Department passing its external
peer reviews, most recently conducted by the Association of Local Government Auditors (ALGA) in August of
2022. In addition, the results of our own internal assessment process, which was most recently completed in
the first quarter of 2024, also confirmed that the Department is compliant with auditing standards. 

Glenn Fernandes, CPA 
Director, Internal Audit

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