Eide Bailey outlines Douglas County FY2026 audit plan; single-audit threshold rises to $1,000,000

David Showalter of audit firm Eide Bailey told the Douglas County Audit Committee on Aug. 10 that the firm has completed interim procedures and will perform final field work on the county’s June 30, 2026 annual comprehensive financial report in September and October, with an expected opinion and issuance around the end of November.

"The single audit threshold has gone up to 1,000,000 dollars," Showalter said, adding that if the county expends more than that in federal awards the firm will perform a single audit of federal programs. He summarized the audit’s scope—ACFR opinion, single-audit procedures where required—and the firm’s responsibilities to assess internal controls and report any material misstatements or noncompliance discovered during its work.

Showalter reviewed planned procedures—walkthroughs, sampling, confirmations, footnote review and subsequent‑events procedures—and previewed upcoming Governmental Accounting Standards Board (GASB) changes that will affect presentation (examples covered included GASB 103 and related disclosures for management's discussion and analysis, capital-asset footnotes and leased/subscription arrangements). He said the single‑audit reporting timeline targets the federal Audit Clearinghouse submission by March 31, 2027.

Committee members asked whether interim testing produced unexpected issues; auditors said nothing of significance had arisen in interim procedures but that they will report any findings in the required communication letter at the audit’s conclusion. The presentation was for information only and no committee action was taken.