We are just 15 days away from the start of our annual, independent audit. Why the unbridled excitement you ask? Well, our audit ensures our credibility to stakeholders – our Board, donors, and the community – that our financial statements fairly reflect the financial position of the Museum. James Knutzen & Associates, C.P.A.’s, P.A. conduct the audit in accordance with auditing standards generally accepted in the USA and by the Government Auditing Standards issued by the Comptroller General of the United States.
- They look at evidence that supports the amounts and disclosures in our financial statements.
- They also examine the accounting principles used and significant estimates made by management.
- They consider internal control over financial reporting.
- They issue their opinion and present to our Finance, Investment, & Audit Committee and then to the Board of Trustees.
The Finance team will immerse itself in deep audit preparation beginning on Monday, November 4th thru 15th – this is our most critical time to prepare for the best audit.