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External auditors outline 06/30/2025 audit plan, flag GASB 101 and federal compliance as priorities
Summary
Drescher Malecki presented the Rochester City School District’s external audit plan for the year ended June 30, 2025, citing key risks including cash and investments, federal program compliance, long‑term liabilities and implementation of GASB Statement No. 101. Auditors set a fieldwork schedule and asked for management input.
Matt Montalvo of Drescher Malecki presented the external audit plan for the Rochester City School District’s fiscal year ended June 30, 2025, to the district’s Audit Committee and outlined audit objectives, key risk areas and a fieldwork timeline.
“This is our audit team. Most of the members are returning members,” Montalvo said, describing staffing and work products. He told the committee the audit provides a year‑end snapshot, reviews internal controls to the extent they affect financial statements, and…
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