Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ulster County auditors outline 2025 year-end plan, flag ARPA testing and two top risks
Summary
O'Connor Davies presented its 2025 external audit plan to the Ulster County Audit Committee April 21, outlining fieldwork scheduled June 8—June 26, two AICPA-mandated significant risks (improper revenue recognition and management override), and federal single-audit testing of ARPA, TANF and SNAP.
Melissa, a representative of O'Connor Davies LLP, presented the external audit plan for Ulster County's fiscal year ending Dec. 31, 2025, and walked the committee through timelines, deliverables and major audit areas. She said fieldwork is scheduled to start June 8 and conclude June 26, with draft financial statements due no later than Sept. 30, 2026, and a final audit presentation to follow.
The auditors identified two primary, AICPA-mandated risks they will prioritize: "We have 2 significant risks. The first one is improper revenue recognition due to fraud," and a second significant risk is "management override of internal controls of financial reporting," Melissa said, adding the firm will review journal entries and require…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
