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County auditor says annual financial audit contract, performance plan moving forward; flags ACFAR cost risks

2966408 · April 10, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

County Auditor Tyler Benner told the council his office filed the required annual audit plan, will host a peer review and has a five-year contract for the county's annual financial audit, but warned ACFAR (comprehensive financial report) work could require extra funding due to audit complexity and recent administrative turnover.

HILO — The County Auditor told the County Council on May 20 that the office has filed its mandatory annual audit plan, will host an external peer review, and has executed a multiyear contract for the county’s annual financial audit — while flagging near-term risks and possible extra costs related to the county’s Comprehensive Annual Financial Report (CAFR).

Tyler Benner, who heads the Office of the County Auditor, said the office completed its countywide risk-survey process and transmitted the 2025 annual audit plan as required by the county charter. The office also awarded a five-year contract to a certified public accounting firm (QED LLP) to perform…

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