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State auditors outline 2024 financial statement and federal grant compliance audit for Spokane
Summary
Representatives from the Washington State Auditor's Office presented the planned scope of the city's 2024 financial statement audit and a federal grant compliance review that will focus on highway planning and construction funds and COVID-19 SLFRF, and noted special attention to GASB 101 implementation and pension fund workpapers.
The Washington State Auditor's Office told Spokane's Finance and Administration Committee on Friday that it will perform a financial statement audit for the city's 2024 fiscal year and a federal grant compliance audit covering major federal programs.
The auditors said their financial statement work will be conducted "in accordance with government auditing standards" and that the office will issue a combined financial statement audit report and federal compliance report at the end of the engagement. "At the end of the engagement, we will issue a financial statement audit report in accordance with US GAAP," an auditor said during the presentation.
The auditors identified two specific federal programs selected for compliance testing: the…
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