May 12, 2025BoardMeeting
BoardSite Authority Standing Audit Committee Meeting Minutes
The committee reviewed the 2025 Audit Plan presented by independent auditors, which outlines a risk-based audit approach for the fiscal year ending June 30, 2025. Key areas of focus include revenue recognition, receivables, and management oversight of internal controls. The auditors discussed the timeline for fieldwork and report issuance, as well as management responsibilities regarding internal controls and cyber security. The committee also recommended the implementation of executive sessions as a standard governance practice.