City auditor reports clean opinion; GASB change affects compensated absences reporting
MDA Professional Group presented Fort Payne's annual audit, reporting a clean opinion and describing a GASB accounting change that led to recognizing estimated compensated-absence liabilities; auditors also noted corrected misstatements and a recurring finding tied to cash-to‑accrual adjustments.
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MDA Professional Group presented Fort Payne’s annual audit and required communications to the council. Jennifer Forester, identified as a shareholder partner with MDA, told council the audit resulted in a clean opinion and walked through key disclosures and changes to accounting practice.
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