Financial Audits

Each spring, an independent auditing firm (Hays, Maggard and Hood, P.C.) conducts a financial audit for the Town of Eagle. They look at financial statements of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the Town which collectively comprise the basic financial statements as listed in the table of contents. These financial statements are the responsibility of the Town of Eagle’s management. The auditor's responsibility is to express opinions on these financial statements based on their audit.

The audit is conducted in accordance with auditing standards generally accepted in the United States of America. Those standards require that the auditors plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation.