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BDO tells audit committee ACFR timing depends on grant schedule and trial balances; standalone engagements progressing
Summary
BDO updated the Municipal Audit Committee on Jan. 30 that work on standalone engagements and municipal‑wide areas is progressing but issuance of the annual Comprehensive Financial Report (ACFR) will depend on the timing and completeness of the grant schedule and final trial balances.
BDO told the Anchorage Municipality Municipal Audit Committee on Jan. 30 that work on several standalone financial statement engagements is underway and that the audit team’s ability to issue the annual Comprehensive Financial Report (ACFR) will depend on the timing of the municipality’s grant schedule and final trial balances.
Kelly Mays, a representative of BDO, said the audit firm started with standalone engagements that include Anchorage Water and Wastewater, Solid Waste Services, the Port of Alaska and Civic Ventures, and that it has…
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