Agenda item details
Consideration of External Audit Reports
- Number:
- 13/2022
- Department:
- Internal Audit
- Description:
- Consideration of Internal Audit Reports
• Financial Statement Opinion Audit Update
- Recommendation:
- Citizens and stakeholders use government financial reports to assess a government’s performance and overall financial position in order to hold a government accountable for its actions. ERS reports its financial position annually in an Annual Comprehensive Financial Report (ACFR), which is audited independently each year. These reports are required to follow standards promulgated by the Government Accounting Standards Board (GASB) and the independent audit is a method to ensure GASB standards are followed.