1. Audit Wrap-up New Hanover Board of Education
Lonnie Keogh Senior Manager
January 3, 2017

2. Agenda Client Service Team Role of External Auditor
Key Highlights - Results
Summary
Questions and Comments
Agenda

3. Client Service Team Michelle Thompson Lonnie Keogh Audit Partner
Lonnie Keogh
Audit Manager
Andrea King
Audit Senior Accountant
Mackenzie Palmer
Audit Staff Accountant

4. Role of the External Auditor
Actions
Plan
Perform
Results
Express Opinion
Communication
Independence
Changes

5. Key Highlights Results
Opinion
Unmodified Opinion – Financial Statements
Unmodified Opinion – Yellow Book
Unmodified Opinion – Federal & State Single Audit
Internal Controls
No Significant Deficiencies or Material Weaknesses
Single Audit
No Findings
AU-260
No PAJEs
Implemented – Fair Value Disclosures
GASB 72

6. Summary Clean Opinion Journal Entries Good Internal Controls
No Significant Deficiencies Identified
Full Cooperation with Management

7. Questions & Comments? Lonnie Keogh Senior Manager