MNCPA PERSPECTIVES

Setting the record straight: The MNCPA responds to county audits editorial

May 29, 2017  |  Linda Wedul

Last week, a Pioneer Press editorial headline read, "In auditor fight …" -- what, auditors fighting?

In fact, it isn’t auditors per se, rather the editorial was referring to a conflict between the state auditor and the Legislature. And CPAs are caught in the crossfire.

In 2015, a law was enacted allowing counties the option to choose between having the Office of the State Auditor (OSA) or a private public accounting firm complete their annual audit. If you don’t work on government audits, this issue likely isn’t on your radar screen, but it is one of many issues the MNCPA follows because it impacts some members.

Auditing is a core function of the accounting profession, whether it be counties, publicly held companies, privately held businesses, cities or school districts. The Pioneer Press editorial could lead the average reader to believe that CPA firms cannot be trusted to audit counties.

This is why it was vital for the MNCPA to step in and clarify facts, add context to the story and, most importantly, defend the profession.

In response to the Pioneer Press editorial, "In auditor fight, guard checks and balances," the MNCPA submitted a letter to the editor clarifying how the OSA and CPA firms have common objectives when performing county audits. This letter was published May 25 in the Pioneer Press.

As always, we welcome your feedback and comments. MNCPA members, be assured that the MNCPA is working on your behalf to support and defend the profession.

Topics: Accounting and auditing, Legislative

Linda Wedul

Linda Wedul is president and CEO of the MNCPA. She’s usually spotted at MNCPA events, introducing herself to members with a warm smile and memorable laugh. Mixed among the Footnotes, accounting journals, leadership books and three monitors in her office, you’d be surprised to see a dog kennel. Her unpaid job is volunteering as a foster family for service dogs in training through Can-Do-Canines. She and her husband have two adult children and live in Farmington. Linda can be reached at 952-885-5516 or lwedul@mncpa.org.

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