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Auditor outlines how the 2025 audit was conducted and where to find key schedules
Summary
Marla Coates described the audit approach — transaction sampling, tracing balances to bank statements, and reconciling full‑accrual to modified‑accrual presentations — and pointed council members to MD&A and reconciliation schedules in the report.
Marla Coates spent part of the presentation explaining how the audit work supports the auditor's opinion: selecting sample transactions to test whether expenses had supporting bills and signatures, tracing balance‑sheet accounts to bank statements, and reviewing reconciliations between full accrual and modified accrual presentations. "It's to issue the 2 page, report that's in the front of your financial statements," she said.
Coates told the council the MD&A provides an accessible overview (pages 3–8) and that the financial statements start on page 12; she also explained why depreciation appears in accrual statements but not in budgeting (modified accrual) documents and directed council members to the reconciliation schedules for details. The transcript captures the explanatory presentation but contains no recorded member questions or follow‑up directives.
