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Auditor‑Controller reports progress catching up on audits, flags major upcoming GASB and accounting work
Summary
Interim Auditor‑Controller Michael Levinson reported progress on overdue audits, noted three new GASB standards requiring substantial reclassification work, and outlined plans for execuTime rollout and internal guides to reduce audit findings.
Interim Auditor‑Controller Michael Levinson told supervisors his office has made progress catching up on past audits and is preparing for new Governmental Accounting Standards Board (GASB) pronouncements that will change how assets and disclosures are presented.
Audit status: Levinson said the office completed the 2022–23 audit, was working on 2023–24, and had recently achieved a period of full legal compliance for reporting. He credited staff and departments for cooperation that allowed the office to reduce long‑standing audit…
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