Rancho Water committee hears and approves audit report
The Rancho California Water District’s Finance and Audit Committee and Board of Directors met Thursday, Nov. 5, and unanimously approved a procedures report on expanded audit test work from Davis Farr LLP.The committee had previously expressed an interest in having Davis Farr perform audit procedures that include analytical procedures and detailed testing of areas identified in the auditor’s risk assessment.“This one was a little bit different due to COVID-19 and, and everything that was going on, they weren’t able to get everything completed during their regular testing of our normal audits,” Kathy Naylor, accounting manager for Rancho Water, said in her report. “But completed it shortly after. And that’s why we’re presenting the results now. The results were that