Title:
Revised: Audit Review Committee Annual Report and Selection of Independent Auditor (Commissioner Cotham)
Summary
ACTION:
1. Receive annual report from the Audit Review Committee
2. Approve the recommendation from the Audit Review Committee to appoint Cherry Bekaert, LLP as external auditor for three years beginning with the June 30, 2019 fiscal year end audit.
Staff Contact: Sarah Lyberg, Finance Officer
Presentation: Yes
BACKGROUND/JUSTIFICATION:
1. Commissioner Cotham will report on behalf of the Audit Review Committee confirming that all the responsibilities outlined in the charter have been carried out.
2. The Audit Review Committee met on Tuesday April 9, 2019 to review the results from the five CPA firms that responded to the County's RFP for external audit services. The Committee reviewed the Financial Audit RFP criteria and average weighted scores for each of the firms. Based on consideration of all the factors and staff recommendation, the Committee recommends the appointment of Cherry Bekaert, LLP as the external auditor for Mecklenburg County, beginning with the audit for the fiscal year ending June 30, 2019 for a period of three years.
PROCUREMENT BACKGROUND:
March 5: The County published the Request for Proposal for a three-year contract, with two option years, for the County and Library annual Financial and Single Audit Act Audits
March 19: Five proposals received
March 22-29: County and Library staff reviewed and ranked proposals
April 9: County and Library staff presented results of RFP and recommendation; Audit Review Committee approved recommendation for Cherry Bekaert, LLC
POLICY IMPACT:
N/A
FISCAL IMPACT:
N/A