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Court approves engagement letter for FY2023 audit; commissioners press for faster turnaround
Summary
The court approved an engagement letter with Charles E. Reed Associates PC for the FY2023 audit, with Sharon Reed to handle the work. Commissioners raised concerns about the delayed 2022 audit and discussed timeline expectations and the CPA role in preparing financials.
The court approved an engagement letter with Charles E. Reed Associates PC to perform the county's fiscal year 2023 audit. Commissioners discussed delayed completion of the 2022 audit and the transition to Sharon Reed performing the audit; Sharon Reed was described in discussion as taking over day-to-day audit responsibilities while a local CPA will prepare the county's financial statements.
Why it matters: Timely audits are necessary for state reporting and transparency. Commissioners questioned how long an auditor has to complete the work and noted obligations to file audited financials by state deadlines.
Discussion focused on the length of time auditors take, the practical need for a CPA to prepare financial statements for the auditing firm, and whether the county should go out for bids for future audit work. Commissioners said an incoming new auditing firm can take time to become familiar with county books and defended continuity with a firm that is shifting personnel.
Action: A motion to approve the 2023 engagement letter was made and approved by voice vote. Commissioners directed staff to continue to press for completion of outstanding work and to consider going out for bids for future years as appropriate.
Representative quote: "...Sharon is a go-getter. She's ready to get on it and get it done. And she's actually pushing to get the 22 finished so they could jump on 23," a commissioner said in support of approving the engagement letter.
Ending note: The engagement letter for 2023 was approved; commissioners asked staff to monitor audit progress and to bring future engagement letters (e.g., for 2024) back to the court when ready.
