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Council Member Ghiringhelli Questions Audit Assurance During Financial Report Review

July 18, 2025 | Fairfax Town, Marin County, California


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Council Member Ghiringhelli Questions Audit Assurance During Financial Report Review
During the Fairfax Town Council meeting on July 16, 2025, a significant discussion emerged regarding the recent audit report presented to the council. Council Member Ghiringhelli raised concerns about the implications of the report's language, particularly a statement indicating that the auditors could not provide full assurance on certain supplementary information. This raised questions about the reliability of the audit, with Ghiringhelli seeking clarification on whether the report was merely a "nice shiny audit" without substantial backing.

The auditors clarified that while they provided a clean audit for the basic financial statements, the limited assurance mentioned pertained specifically to the required supplementary information, which includes management's discussion and analysis as well as pension and post-employment benefit schedules. This distinction was crucial, as it highlighted that the audit did not cover every aspect of the financial report, leading to some confusion among council members.

Council Member Egger also contributed to the discussion, noting the procedural flow of the meeting and suggesting that the council typically waits for public input before deliberating on such matters. However, since no formal action was required regarding the acceptance of the audit report, the council proceeded with the discussion.

The meeting underscored the importance of transparency and clarity in financial reporting, as well as the council's commitment to understanding the implications of the audit findings. As the council moves forward, the focus will remain on ensuring that all financial information is accurately represented and understood by both council members and the public.

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