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Independent auditors report material weaknesses and federal findings in 2024 Shreveport financial audit
Summary
Carr, Riggs & Ingram presented the city’s 2024 audited financial statements, reporting an unmodified opinion on the financials but several repeated material weaknesses, new federal award findings related to ARPA reporting, and management-letter comments that the council asked staff to address with a follow-up audit and finance meeting.
City auditors told the Shreveport City Council on Sept. 9 that the city’s 2024 financial statements received an unmodified (clean) audit opinion, but the audit identified multiple material weaknesses, two new federal-award findings and several repeat issues that require corrective action.
Josh Trahan, audit partner with Carr, Riggs & Ingram, presented the audit. Trahan said the firm issued a clean opinion on the financial statements but listed findings that included: compensated-absence tracking errors, large receivables related to property-standards liens, repeated material adjustments required to the books, a long-running…
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