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Board authorizes chair to sign management representation letter for annual audit
Summary
The SURA board approved a motion authorizing the chair to sign a management representation letter with auditing firm Bonadio so the agency’s annual audit can be finalized.
The SURA board voted to authorize the agency chair to execute a management representation letter with Bonadio in response to the agency’s annual audit.
The board approved Resolution No. 3,463, which authorizes the chair to sign the representation letter auditors require before issuing the final audit. A management representation letter confirms management has provided auditors with all information the agency knows that is relevant to the audit. The motion was moved and seconded and passed by voice vote; all present voted “Aye.”
Board members noted the letter is a standard part of the audit process and said the audited financial statements will be discussed at the next SURA board meeting. No changes to the financial statements were described at this meeting.
The action completes an administrative step auditors require before the audit report can be released. No dollar amounts, auditor findings, or further details about the audit were presented during the discussion.
The board adjourned after completing its listed business.
