Special District & Authority Audit

A special district or authority audit is an independent examination of the entity’s financial statements under Governmental Accounting Standards Board (GASB) requirements. Because these bodies often rely on user fees, bonds, and grants, the audit covers their financial reporting and, where federal awards are significant, compliance under a Single Audit.

• Water, sewer, and utility districts.
• Transit, transportation, and port authorities.
• Fire, library, park, and hospital districts.
• Development, redevelopment, and financing authorities.
• Districts expending $1,000,000 or more in federal awards, which also need a Single Audit.

• Government-wide and fund financial statements under GASB.
• Management’s discussion and analysis and required supplementary information.
• Bond covenant and grant compliance where applicable.
• Single Audit under Uniform Guidance and Yellow Book standards when the federal threshold is met.
• Internal control and compliance considerations.

Modus is AI-native. Our tooling automates the time-intensive fieldwork that slows a typical district audit, so your audit gets done in roughly four weeks. Every conclusion links to a source document, so your board, bondholders, and grantors can trace the evidence. That means fewer document requests, fewer questions, and less disruption for a lean finance staff.

• Top-firm audit rigor at a middle-market price.
• Roughly a four-week turnaround through AI-native fieldwork.
• Source-linked workpapers built for board and funder review.
• Experience across utility, transit, and financing authorities.
• Up to about 50% fewer questions during the engagement.