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Elizabeth Scott CPA, CIA, CIDA, MAcc

Manager of Internal Audit

State Board of Administration of Florida


Elizabeth has about 10 years of internal audit and accounting experience. She joined the Office of Internal Audit (OIA) at the State Board of Administration (SBA) in 2010 and currently serves as a Manager of Internal Audit. She also has prior experience as an accountant for a not-for-profit organization.

Elizabeth is responsible for managing audit and advisory engagements in accordance with the IIA Standards, including the assessment of internal control and risk; development of engagement programs to ensure objectives are achieved; detailed review of work papers for completeness, accuracy, and validity to support the conclusions and results; preparation of formal reports; proactive interaction with business units; and resolution of potential issues.

Elizabeth manages the data analytics program of the SBA OIA, including development and execution of a data analytics strategic plan and a maturity model. She oversaw the completion of several continuous monitoring projects using data analytics, including fixed income, trade cost by dealer, payroll, accounts payable, travel & expense, and procurement. She’s completed data analytics advisory projects with the Florida Hurricane Catastrophe Fund and Proxy Voting.

Elizabeth is assisting the SBA in an advisory capacity with a robotics process automation (RPA) initiative, and has recently assisted the SBA with identifying enterprise-wide key risk indicators. She is further working to incorporate a continuous risk assessment model within the internal audit department using data analytics.

Elizabeth is a Certified Public Accountant (CPA), a Certified Internal Auditor (CIA), and a Certified Investments and Derivatives Auditor (CIDA). She earned a Master of Accounting with a concentration in Corporate Accounting from Florida State University (FSU) and a Bachelors of Science degree in Accounting with a minor in Economics from FSU. Elizabeth is a member of the Association of Public Pension Fund Auditors, The Institute of Internal Auditors, the American Institute of CPAs, and the Florida Institute of CPAs.