Neffendorf & Knopp, P.C., Certified Public Accountants to Conduct City of Lago Vista Financial Audit FY18
The City of Lago Vista is excited to announce that we have hired the firm of Neffendorf & Knopp, P.C., certified public accountants, to audit City financial operations for the fiscal year ending 30 September 2018.
Their audit will include obtaining an understanding of the entity and its environment, including internal control, sufficient to assess the risks of material misstatement of the financial statements and to design the nature, timing, and extent of further audit procedures. Material misstatements may result from (1) errors, (2) fraudulent financial reporting, (3) misappropriation of assets, or (4) violations of laws or governmental regulations that are attributable to the entity or to acts by management or employees acting on behalf of the entity.
The City put out an RFP requesting proposals from firms to audit our annual financial operations. We received two bids and selected Neffendorf & Knopp, P.C. to complete our audit.
Once the firm completes their audit, they will present their findings to the City Council at a public meeting.