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WORKSHOP ITEM #21 Annual Audit FirmDiscussion of the Process to Select a Annual Audit FirmDiscussion of the Process to Select a June 5, 2019
Discussion of the Process to Select an Annual Audit Firm CPA’s or CPA’s in Training •time professional auditors-Full•Field auditors•utilitiesSenior Manager specializing in public accounting
for –SimovicKeith •Utility ServicesPartner and National Practice leader for Energy and –DesimoneJulie •Has performed the District’s annual audits since FY11•largest CPA firm in the
US th Moss Adams is the 11•Annual audits are required•BACKGROUND / HISTORY Discussion of the Process to Select an Annual Audit Firm
NEW INFORMATION Advertise a Request for Proposal•Extend contract with Moss Adams; or•Audit firm needs to be selected for the FY19 audit•Field auditors change regularly•Adams Moss •Fresh
eyes review document and processes•Prudent to consider changing audit firms•Discussion of the Process to Select an Annual Audit FirmDiscussion of the Process to Select an Annual Audit
Firm
FISCAL IMPACT The cost of the FY18 Audit was $52,000•Audit services are included in the FY19 Board approved Budget•Discussion of the Process to Select an Annual Audit FirmDiscussion
of the Process to Select an Annual Audit Firm
RECOMMENDATION Receive this report and provide direction to staff•Discussion of the Process to Select an Annual Audit FirmDiscussion of the Process to Select an Annual Audit Firm