Finance and Audit Committee approves recommended auditor for 2025 audit

The Indianapolis Airport Authority Finance and Audit Committee on a voice vote accepted staff’s recommendation to continue with the independent auditor selected through last year’s competitive process for the 2025 audit.

Committee members moved and seconded the recommendation and the motion carried after one member said he would not vote. Robert (staff member), who presented the recommendation, told the committee the auditor had provided a three-year rate guarantee and that one year remained on that guarantee. He said the firm staffs the audit locally and that the selection reflected competitive bidding and consideration of local staffing and national practice experience.

Robert told the committee the price in the memo reflected the agreed three‑year rate guarantee. He also said the authority brings the auditor engagement back to the full board annually so the Finance and Audit Committee and the full board can assess the auditor’s performance and the firm’s approach each year.

The committee discussed the firm’s longevity on airport audits and the value of a firm that combines local knowledge with experience on larger airports. Robert said the firm had provided audit services to the authority for many years through multiple firm name changes and that the airport’s audit team is 100% local for this engagement.

The motion was moved by Tameka (board member) and seconded by Dwayne (board member). Brian (board member) stated he would not vote. With no further named dissent, the committee chair called the motion adopted.

The committee did not take additional committee-level action on audit pricing or contract terms beyond recommending the auditor selection and confirming the three-year rate guarantee term would be honored for the remaining year.