Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Audit Engagement Grossman Sanamore topic
No spam. Unsubscribe anytime.
Syracuse IDA approves engagement letter with Grossman SanAmore for 2024 audit, estimates cost up to $21,000
Summary
The Syracuse Industrial Development Agency authorized an engagement letter with Grossman SanAmore to perform the agency’s 2024 audit, including work related to a recent QuickBooks transition; the Board approved an authorization up to $21,000.
The Syracuse Industrial Development Agency approved an engagement letter to retain Grossman SanAmore (auditing firm) to conduct the agency’s 2024 financial audit and related work associated with a transition to QuickBooks.
Agency staff said the engagement covers the audit for the financial year January 1–December 31, 2024, and includes work related to the agency’s recent bookkeeping transition to QuickBooks. Staff estimated the engagement at approximately $21,000 and asked the Board to authorize the expenditure up to that amount so the audit firm can begin work and staff can complete the audit in the coming months.
Eric, identified on the record as agency staff, said, “the approximate estimation that's included in the engagement letter is $21,000” and added that Grossman SanAmore has been working with staff during the QuickBooks transition. The Board moved to authorize the engagement up to the stated amount; the motion was made by Steve Thompson, seconded by Ken, and the motion carried on a voice vote with all in favor.
Staff said the audited financial statements will be brought back to the Board once the audit has been completed, with a target to present the audit in March. The engagement authorizes the auditing firm to begin work on the agency’s financial statements and related transition tasks.
