The System’s Board of Trustees will retain the services of a Certified Public Accounting Firm who will provide advice and consultation to the Board, the Executive Director, and the Finance Director.
At the close of each fiscal year, the Accounting Firm will perform the annual audit in accordance with generally accepted government accounting principles (GAGAS) and in conformity with the requirements of the Office of the New York State Comptroller.
Upon completion of the audit, the Accounting Firm shall provide a written report and opinion letter to the Audit Committee and Finance Committee for review and then to the Board of Trustees at the regularly scheduled meeting.
It is understood that any findings of the year-end audit that require corrective action will be discussed and remedied in a timely manner.
Updated by the OWWL Library System Board of Trustees on: August 14, 2024