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External auditors outline 2025 audit plan, single-audit selection, and GASB changes
Summary
Crossland auditors presented the engagement team, risk-based methodology, single-audit major-program selection rules (including 20% low-risk coverage), GASB 101 reporting impacts, and a December timeline for draft review; auditors noted staff changes and how they adjust risk and testing.
John Cross, principal with Crossland, presented the firm's 2025 audit plan and timeline to the Audit Committee. He described the engagement team, recent staffing changes, and the firm's responsibilities: to express opinions on financial statements prepared under management's oversight and to report material weaknesses, significant deficiencies or fraud findings.
Cross explained the firm’s fraud-risk approach and how the single audit (Uniform Guidance)…
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