Government
‘Simply Inadequate’: Audit Committee Cites Poor Town-Schools Relationship in Suspending Its Work
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Saying they don’t want to be associated with New Canaan’s financial statements, members of a committee that town officials appointed last summer in order to help oversee financial reporting for the municipal government and school district said late Tuesday that they’re suspending their work. The five members of the Audit Committee, including two alternates, said in a letter sent to the first selectman and Town Council that they “have no reason to believe the systems of internal control at both the Town and the Board of Education are adequate nor have recommended improvements been implemented.”
“Communication between the finance department of the Town and the Board of Education has not been adequate. This has resulted in un-reconciled accounts dating back several months. In addition, the Town CFO’s access to the Board of Education books and records, accounting and control systems, is not at an appropriate or adequate level. Without resolution, this would likely prohibit the Town’s CFO from making required representations regarding those controls and records to the Town’s external auditors.”
The committee will cease its activities Nov.