Jun 12, 2026BoardMeeting
BoardDashuites County Audit Committee Audit Committee Meeting
The committee discussed the external audit work plan for fiscal year 2027, including audit processes such as internal controls, substantive testing, fraud risk assessments, and the proposed schedule for fieldwork. The presentation covered the adoption of new accounting standards, specifically GASB 103 regarding financial reporting model improvements, GASB 104 concerning capital asset disclosures, and GASB 105 related to subsequent events. Furthermore, the committee reviewed internal procedures for grant revenue recognition and departmental preparations for the upcoming audit.