State Auditor's Working Group (July 2025 Meeting)

The first meeting of this year's Fire Relief Association Working Group was held on July 21. Working Group members reviewed potential topics for consideration and discussed relief association audit requirements. The audit discussion will continue at the next meeting and Working Group members will specifically consider:

• Whether a change should be made so that relief associations would no longer be required to have an annual audit performed if assets and liabilities fall below the audit threshold. These relief associations could have an agreed-upon procedures engagement performed, instead of a full audit.
• Whether relief associations that exceed the $750,000 threshold should have a one-year grace period before submission of an audit is required.
• Whether the audit threshold should be increased from the current $750,000. Working Group members also expressed interest in reviewing the audit process and discussing whether there are other ways to measure complexity and risk beyond solely a relief association's asset size. Accountants and auditors, we would love to hear your thoughts on these topics! Please send any comments you have to our Pension email.

The next Fire Relief Association Working Group meeting will be on Tuesday, August 12, from 2:00 pm to 3:30 pm. Meeting materials and a link to watch the live stream will be posted on our Working Group webpage.

Last Updated July 2025