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KPMG reports no significant deficiencies in Health Connector FY25 audit; minor misstatement noted
Summary
KPMG auditors told the subcommittee they identified no significant deficiencies in the FY25 audit; they noted one minor uncorrected audit misstatement tied to a non‑GAAP policy and flagged vendor migration as an area of focus.
Bob Mahoney and Lisa Pagliaro of KPMG presented the Fiscal Year 2025 audit results to the Administration and Finance Subcommittee, reporting no significant deficiencies or matters of concern.
Mahoney said the audit went well and staff cooperated. Pagliaro noted a minor, uncorrected audit misstatement related to a correction of a non‑GAAP policy but said it was not expected to recur. Mahoney highlighted the vendor migration to new enrollment and premium‑billing systems as an area the subcommittee may wish to monitor, but he said there were no governance concerns identified.
Why this matters: independent auditors found the agency’s FY25 financials materially sound, reducing immediate governance risk as the Connector completes operational vendor transitions.
