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External auditors begin annual financial audit; city focus on ERP, OPEB and federal compliance
Summary
Klinger Hagerman presented the audit kickoff to the Laramie City Council, outlining scope and timeline for the fiscal year ended June 30, 2025, and flagging continued attention to the new ERP implementation, the OPEB plan change, single‑audit federal compliance and GASB updates.
Micah Klinger, an audit partner with Klinger Hagerman, briefed the Laramie City Council on the firm’s annual audit approach for the fiscal year ended June 30, 2025, during the Oct. 14 work session.
Klinger said the audit will be performed under U.S. generally accepted auditing standards and Government Auditing Standards and will include a single audit of major federal programs. He described key risk areas auditors will focus on this year: the recent ERP implementation, the city’s change to the state OPEB plan and related liabilities, federal grant compliance under the OMB compliance supplement, and implementation of GASB guidance (GASB…
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