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Audit committee recommends Macias Gini & O'Connell as San Francisco's independent auditors
Summary
The Government Audit and Oversight Committee voted without objection to forward a recommendation that the Board select Macias Gini & O'Connell for a two-year audit contract with five one-year renewal options; committee members questioned audit scope, subcontracting and federal ARRA guidance during the discussion.
The Government Audit and Oversight Committee recommended on June 25 that the Board of Supervisors select the firm Macias Gini & O'Connell to serve as the city's independent external auditors under a proposed two-year contract with five one-year renewal options.
Comptroller's Office representative Ben Rosenfield, speaking for the office, said the recommendation followed a six-month selection process that evaluated price, governmental auditing experience and the firms' capacity to carry out large-year-end audits. "There is a 5% reduction in cost versus the current year contract," Rosenfield said of the proposal before the committee.
The recommended firm will serve as principal auditor for the city's consolidated financial statements and will rely on departmental auditors for enterprise-component work, Carolyn Walsh, the engagement partner for…
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