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External auditor: Fishers receives clean opinions on ACFR and single audit; one material weakness tied to event-center payable
Summary
Forvis audit lead reported unmodified (clean) opinions on Fishers’ 2024 annual comprehensive financial report and single audit, with no compliance findings in the single-audit tests; auditors reported one material weakness tied to an audit adjustment increasing payables and retainage in the event-center fund.
An external auditor for Fishers told city leaders that the 2024 financial audit produced unmodified (clean) opinions on the City’s annual comprehensive financial report (ACFR) and its single-audit of federal expenditures, but auditors flagged one material weakness related to an accounts-payable/retainage audit adjustment in the Fishers event-center construction fund.
Emily, the audit presenter from the firm that performs the city’s audit engagement, summarized results during the meeting. She said the audit opinions on the ACFR and the single audit were unmodified and that the single-audit work found no compliance findings or internal-control findings for federal programs tested.
Material weakness and other items The auditors recorded one…
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