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Aldermen debate audit-board appointments and FARC oversight after recent audit flags
Summary
Appointments to the city’s Financial Audit Review Committee (FARC) and related audit staffing received intensive scrutiny at the intergovernmental committee. Aldermen cited an independent audit that questioned the audit function’s staffing and recommended stronger financial expertise on FARC; the board ultimately did not disapprove the mayor’s slate of appointments.
A contentious intergovernmental committee meeting focused on appointments to the Financial Audit Review Committee (FARC) after aldermen and audit staff raised concerns about the independence and capacity of the city’s audit function.
A public auditor’s report circulated to aldermen earlier this year flagged gaps in the audit department’s staffing and questioned whether FARC included members with sufficient professional audit or accounting credentials. Alderman Raphael…
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