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Audit committee recommends one-year extension for Pew & Company audit contract
Summary
The committee voted by voice to recommend that the County Commission approve an addendum extending Pew & Companys contract for audit services (performance period 04/01/2024to03/31/2025; audit period 07/01/2023to06/30/2024); staff noted an approximate fee of $358,500 and the item will go to commission in April.
The Knox County Audit Committee voted on March 19 to recommend that the County Commission approve a state-format audit contract addendum that extends the external-audit engagement with Pew & Company for the performance period April 1, 2024 through March 31, 2025, covering audit work for the fiscal period July 1, 2023 through June 30, 2024.
Committee members discussed the contract structure (state contract plus the countys addendum language required by auditing standards) and confirmed the tri-party signature process with the state. A committee member mentioned an approximate cost to the county: "approximately $358,500," which was discussed as the expected contract amount for the extension.
A motion to recommend approval was made and seconded; the committee approved the recommendation by voice vote and will forward the item to the full County Commission in April. No roll-call tally was recorded in the transcript; the committee recorded the outcome as a voice vote and the recommendation will go to commission for final approval and signatures.
