2025-08-26-minutes-finance-study-session

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• Establishing and maintaining internal control over compliance, including establishing and maintaining effective controls that provide reasonable assurance that the County administers government programs in compliance with the compliance requirements. • Evaluating and monitoring compliance with federal award requirements. • Informing us of the County's relationships with significant vendors who are responsible for program compliance • Submitting the reporting package and data collection form through the Federal Audit Clearinghouse. RgMolnsibilities at the conclusion of the audit At the conclusion of our audit, the County will provide us with a letter to confirm in writing certain express and implied representations made during the course of the audit. This letter includes representations regarding legal matters. A separate letter may be needed from the County's legal counsel. Management and the governing body are also responsible for following up and taking corrective action on all audit findings, including, when applicable, preparing a summary schedule of prior audit findings and a corrective action plan on the County's own letterhead. Estimated Audit Costs and Timeline We estimate the cost of the audit work to be $82,500 and cost of travel time to be $1.600, plus travel - related and other expenses, if any. Invoices for these services will be prepared and presented each month as our audit work progresses. We anticipate our reports will be published on our website www.sao.wa.gov and be available to you and the public as outlined below. These estimates are based on timely access to financial information and no significant audit reporting issues. The estimated cost and completion date may change if unforeseen issues arise or if significant audit issues are identified necessitating additional audit work. We will promptly notify you if this is the case. Report Date* Independent Auditor's Report on Financial Statements September 2025 Independent Auditor's Report on Internal Control over Financial Reporting September and on Compliance and Other Matters Based on an Audit of Financial 2025 Statements Performed in Accordance with GovernmentAuditing Standards Independent Auditor's Report on Compliance for Each Major Program and on September Internal Control over Compliance in Accordance with Uniform Guidance 2025 *Report Issuance Dates Are Estimates Only The audit documentation for this engagement, which may contain confidential or sensitive information, is the property of SAO and constitutes a public record under Chapter 42.56 RCW. Subject to applicable laws and regulations, appropriate individuals, as well as audit documentation, will be made available upon request and in a timely manner to appropriate auditors and reviewers, County's management and governing body, and federal agencies, for purposes of a public records request, a quality review of the audit, to resolve audit findings, or to carry out oversight responsibilities.