from the Templeton Town Administrator weekly report:
"CLA has released us from our engagement letter and will send us a final close out bill in the next few weeks." CLA is an audit firm that has been doing some work and has asked Templeton for very detailed information from past moves affecting Templeton's finance.So is an in depth detailed analysis of Templeton's town books going to become a watered down version after this move? A very detailed audit would be the foundation of all future audits is now in question. There will be new bids for audit firms, but from what was discussed at the last selectmen meeting, the decision seems to have already been made. The point was made that a new firm would not ask for, nor need all the time consuming and detailed work that CLA had asked for. Makes me wonder about some things.
Also from the town administrator; "The audit project team met and we are on target although the various departments will be under a time crunch to supply us with additions/deletions of fixed assets which has not been maintained on an annual basis as needed. So again, how exactly were these audits going to be completed last January, this past June as the town was informed time and again by the selectmen? One last thing from the town accountant was this; "vendor warrant, of which $970,000.00 were bills for the school project . . .accounts receivable."
Also from the town administrator; "The audit project team met and we are on target although the various departments will be under a time crunch to supply us with additions/deletions of fixed assets which has not been maintained on an annual basis as needed. So again, how exactly were these audits going to be completed last January, this past June as the town was informed time and again by the selectmen? One last thing from the town accountant was this; "vendor warrant, of which $970,000.00 were bills for the school project . . .accounts receivable."
posted by Jeff Bennett
I wonder how the DOR will feel about getting a half assed audit from this Town ? I know I would not be too happy if I was them. Maybe they will take into consideration that it was their fault that our audits were not kept current. It does seem to me the DOR should question why this has happened, and never let this happen to another town, ever again.
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