procurement processes, oversight, and the ethical obligations of CPAs themselves. Independence is a cornerstone of the auditing profession, and reputable CPA firms are diligent in maintaining this independence, regardless of who the client is. The assumption that a CPA firm’s audit would automatically be less stringent or sweep issues “under the rug” does not reflect the professional integrity that characterizes the CPA profession. In response to State Auditor Foley’s concerns about cost and the possibility of his office losing a major funding source, the goal should always be to ensure the best possible use of taxpayer resources, whether that involves internal audits, external audits, or a combination of both. Finally, the public’s trust in the auditing process is paramount. This trust can be maintained not by limiting the auditing function to a single office or individual but by ensuring that all auditors, whether public or private, adhere to the highest standards of independence, transparency, and professionalism. Any legislative measures in Nebraska should aim to strengthen, not weaken, these principles — and any political concerns should be resolved through normal political processes, not in the public condemnation of an entire respected profession. In conclusion, while the issue of whether CPA firms should be allowed to perform single audit engagements in the state of Nebraska is understandable, the Nebraska state auditor’s comments are troubling. The words of an elected Nebraska official should not lead to a blanket distrust of the CPA profession or the use of CONTINUED FROM PAGE 13 WE TAKE THE STRESS OUT OF YOUR JOB SEARCH ^ Pre-Screening Interview ^ Reference Checks ^ Facilitate Interview(s) with Potential Employers ^ Ensure Long-Term + Culture Fit ^ Guaranteed Confidentiality LEARN MORE TODAY AT WWW.LUTZ.US/TALENT licensed CPA firms in governmental auditing. With proper safeguards, ethical standards, and a commitment to the public interest, the involvement of licensed CPA firms can enhance, rather than undermine, the financial integrity of public institutions. Joni Sundquist is president and executive director of the Nebraska Society of Certified Public Accountants, representing approximately 2,600 member CPAs. A native of Oakland, Neb., she is a graduate of the University of Nebraska-Lincoln College of Journalism and previously worked for the Nebraska Bankers Association for two decades. Scan this QR code to read the Feb. 21, 2024, Nebraska Examiner article. https://nebraskaexaminer.com/2024/02/21/nebraskaauditor-says-state-agency-was-seeking-to-replace-himand-hire-a-hand-picked-cpa-firm Scan this QR code to read the Nebraska Society’s March 1, 2024, Commentary. https://nebraskaexaminer.com/2024/03/01/ independence-is-a-cornerstone-of-the-auditingprofession/ 14 Nebraska CPA
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