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Finance staff says external audit on track; six programs identified for single-audit coverage
Summary
Finance staff updated the Audit Committee on the county’s external audit contract, changes to pricing, and the single-audit process identifying six major federal and state programs to be tested.
Buncombe County finance staff told the Audit Committee the county’s external audit engagement is proceeding with a revised contract price and an updated timeline, and that auditors have identified six major programs for single-audit testing.
Mason, a finance presenter, said the county and its auditors negotiated a lower overall contract amount from an original not-to-exceed figure and that the firm agreed to hold base rates at last year’s level. "So, we are in our third year of the base 3 years of our contract... they held our base number at the... $20.24…
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