Council Debates Auditor Rotation; Directs Staff to Track Lead Auditors Rather Than Issuing RFP Now
After staff reviewed best practices on periodic auditor rotation, council debated issuing an RFP immediately versus rotating the lead audit partner. Council directed staff to ensure rotation of lead auditors and to document audit personnel rather than issuing a competitive RFP at this time.
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Town staff briefed the council on external audit practices and recommended either periodic competitive procurement or rotating lead audit partners to preserve independent oversight. Brandon and staff summarized guidance from professional associations that competitive procurement every five years is common and that rotation of the lead audit partner every five to seven years can preserve objectivity.
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