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Audit Committee unanimously approves first renewal of SB and Company's audit contract
Summary
The Montgomery County Audit Committee unanimously approved the first one-year renewal of SB and Company's five-year external audit contract to conduct FY2025 audits; staff said costs remain the same and recommended approval.
The Montgomery County Audit Committee unanimously approved a contract amendment to extend SB and Company's external audit engagement for FY2025, the first renewal under a five-year agreement.
Staff presented the amendment and recommended approval, saying the renewal would allow SB and Company to conduct the FY2025 audits under the same cost terms as the prior year. "This is the first renewal; there are four remaining as part of the five-year contract with SB," a staff presenter said.
The Moderator called for a motion and a second. When the vote was taken the Moderator recorded the result as unanimous in favor of the amendment.
The transcript does not record a roll-call vote or names of the mover and seconder. Committee members did not attach conditions to the approval during the meeting.
The contract extension means SB and Company will continue as the county's external auditors for the FY2025 cycle; further procurement or contract-management steps, if required, were not discussed on the record at the meeting.
