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Finance director halts FY24 audit sign-off pending auditor backup; new firm recommended
Summary
City finance staff said the FY24 audit is delayed because the auditor has not provided requested backup for adjusting journal entries; staff also reported a top-choice audit firm (CLA) and plans to bring a contract with a roughly $60,000 cost proposal to the Board.
City finance staff told the Budget and Finance Advisory Committee on May 5 that the fiscal year 2024 audit remains unsigned because the auditor has not provided requested backup documentation for adjusting journal entries.
Miss Holden said she has a final draft of the audit but is withholding signature until the auditor supplies supporting backup for entries that affect the financial statements. She said staff have requested that backup multiple times and will not finalize the audit until they receive it.
Committee members…
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