RS Abrams outlines audit timeline, GASB reporting changes and single-audit scope
External auditors from RS Abrams briefed the Port Washington Union Free School District audit committee on the audit timeline (presentation to the board in October 2026), upcoming GASB reporting changes requiring variance disclosures in budget schedules, and the single-audit focus on federal grant programs (likely IDEA/special education).
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RS Abrams auditors told the district audit committee that interim work is underway and the firm plans to present the districtwide financial statements and related audit reports to the board in October 2026. The auditors said their deliverables will include the primary financial statements, a second opinion under government auditing standards about internal controls and compliance, and a single-audit opinion addressing major federal programs.
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