Audit Committee Meeting 8-14-26

The City of West Linn held an Audit Committee meeting on August 14, 2026, to kickoff the fiscal year 2026 audit process. The committee introduced new members and discussed the selection of Aldridge CPAs and Advisors as the new audit firm following an RFP process in the fall of the previous year. The auditors outlined their audit scope, which includes sampling of revenues and expenses, examination of internal controls, and compliance with Oregon Revised Statutes related to budgetary and purchasing regulations. They also highlighted significant audit risks such as misappropriation of assets and non-compliance with state laws. The audit timeline was reviewed, with interim procedures completed in July and year-end audit work scheduled for late October, aiming for final audit completion by mid-December. The committee discussed differences in audit approach compared to the prior firm, noting more detailed testing in payroll and revenue confirmations. No specific contract awards or procurement decisions were made during this meeting, but the discussion emphasized compliance and financial oversight relevant to future procurement activities.