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i i f September 29, 20229 HSAC Meeting Agenda Mage ( 8rt�,E"x s cou `by CM Rawlins:In attracting legislators to attend, is it possible to do a round table and moderation when you have questions to help people communicate better and understand, that would mean they are involved in the conference and have more reason to attend. b. Correspondence received from the accounting firm regarding the disengagement from the 2018-19 audit and plan to re-engage for a 2020-21 audit. Requires EC approval. ED Parsons:Read out the email from the audit accounting firm. In our audit status letter, see attached, from January 2021 we had a few suggestions that we discussed in our zoom meeting and I wanted to put in an email again. .Due to the inadequacy of the accounting records we offered the option in our letter of having us disengage from the engagement for Mune 30, 2019 and 2018. This would allow us two options: Allow IISAC to hire our bookkeeping department to assist Management in entering bank transactions into QuickBooks and performing the necessary bank reconciliations. Once completed another firm could be hired to perform these audits or complete a Tune 30, 2020 audit. We would not be independent based on assisting Management in reconciling these accounts. Based on discussions in our meeting, maybe we can disengage and provide guidance to help clean up the 2019 and 2018 information in QuickBooks. It appears the accounting staff has put in a lot of time to enter all checks and deposits there just needs to be some small items we can help clean up. Then we can be engaged to audit starting 2020. i If IISAC determines they do not want to update QuickBooks for these periods and 3 determine whether or not there is a requirement to have them audited. We could be engaged to perform the 613012020 audit, as it appears management has a complete QuickBooks for this period and has been doing a better job of ensuring all activity is entered into QuickBooks. We would have a qualified opinion for the 2020 on the beginning balance due to the issue noted above but would anticipate that being only for the first year and going forward could issue a clean opinion.