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Auditors give Aberdeen a clean opinion for 2024 but report three material weaknesses; council re-engages I. Bailey for future audits
Summary
External auditors issued an unmodified opinion on Aberdeen's 2024 financial statements and federal program compliance but reported three repeated internal control deficiencies classified as material weaknesses. Council approved a new master services agreement to engage I. Bailey for audit services for 2025–2027.
Auditors reported an unmodified (clean) opinion on the City of Aberdeen’s fiscal year 2024 financial statements and on compliance for the city's major federal program, but identified three internal control deficiencies categorized as material weaknesses — the same findings the auditor reported in the prior year. Cameron Zent, partner at I. Bailey, told the council the three material weaknesses involved auditor assistance in preparation of financial statements and the schedule of expenditures of federal awards, recurring audit adjustments, and…
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