TEMPE CITY COUNCIL PRESENTATION FY 2025 AUDIT.PDF
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City of Tempe Audit Update Year Ended June 30, 2025 Presented by: Brittney Williams, CPA, CGFM Engagement Partner OUR TEAM Brittney Williams Jared Young Audit Manager Personal Facts: • Completed the Grand Canyon Rim2Rim in one day • Ragnarian Work Facts: • Member of CalCPA RAB Committtee • Member of the AICPA Peer Review Oversight task force (SME) • Recipient of Advanced Single Audit Certificate from the AICPA • Author of “Emotional Intelligence: Enhancing Your Leadership Skills”, in the Dec 2016 AZ CPA magazine Personal Facts: • Frequent Yogi • Olive connoisseur • Green Thumb Work Facts: • Recipient of Advanced Single Audit Certificate from the AICPA • Specializes in municipalities AICPA Statements on Auditing Standards (SAS) OMB Uniform Guidance 2 CFR 200 (UG) Governmental Accounting Standards Board (GASB) Government Auditing Standards (GAS) ❖General Audit Standards ❖Working paper documentation ❖Risk assessments ❖Federal Compliance Audit ❖Auditing Standards particular to governmental entities ❖Independence standards and requirements ❖Financial Reporting Standards to Guide the Audit Independent Auditor’s Report Independent Accountant’s Report Federal Preliminary FW July 22-23 Prelim FW August 25-28 Final FW Start October 20 Issue ACFR Opinion and HURF Both issued 12/16/25 Issue SAR Issue by 3/31/26 Issue ELR/HUD Reac Both to be issued by 3/31/26 1 6 5 4 3 2 Audit timeline planned FY 2025 MAYBE Single Audit Report Report on internal control for audit under Government Auditing Standards Schedule of Expenditures of Federal Awards (SEFA) Prior year finding follow up Major federal programs tested and any findings noted * Includes different elements Report on internal control and compliance for federal awards as required by the Uniform Guidance Summary Draft Internal Control By Stephen J. Gauthier Audit Committees By Stephen J. Gauthier Understanding the Fiscal Health of Your Community By Brock, Cohen and Thomas Government Finance By Girard Miller Resources - GFOA’s Elected Official’s Guides https://www.gfoa.org/eog https://www.gfoa.org/materials/topic/ accounting-and-financial-reporting Government Finance Officers Association AICPA AICPA Government Financial Literacy Resources for Elected Officials E-books Articles On demand podcasts Best Practice Pamphlets Informative Resources www.hm.cpa 520-275-3135 Brittney.williams@hm.cpa Questions? Brittney Williams, CPA, CGFM Engagement Partner 520-270-0344 Jared.young@hm.cpa www.hm.cpa 1365 N Scottsdale Rd, #300, Scottsdale, AZ 85257 Jared Young, CPA, CGFM Engagement Manager Copy and paste picture from website here