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Trustees question expanded accounting role, ask for 2024 payments and details on engagement letters
Summary
University Park trustees reviewed three engagement items from their accounting firm (financial‑statement engagement, standard engagement and rates), probed how the firm’s role expanded into payroll and managerial work, and asked for a 2024 payment breakdown and clarification on the proposed 3% rate increase.
An accounting‑firm representative presented three engagement items in the board packet — an engagement letter for the preparation of financial statements, a longer standard engagement agreement and proposed rates — and said the work is similar to the current arrangement with a 38‑day termination clause.
Trustees asked how…
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