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Town auditors issue clean opinion; recommend improvements to segregation of duties and capital-asset disposals
Summary
External auditors presented a clean opinion on the town’s fiscal 2024 financial statements, reported one significant deficiency in segregation of duties, and found ARPA spending compliant; commissioners voted to accept the audit report.
Oakland — The town’s independent auditors presented the fiscal year 2024 audit and issued a clean opinion on the financial statements, while flagging a significant internal-control deficiency and recommending targeted financial-management improvements. “Tiffany Mangold, audit partner with the engagement firm, told the commission that the firm issued a clean opinion, “the highest level of assurance,” and said the town’s financial statements were “fairly stated in all material respects.” The auditors reported no material weaknesses in internal control but identified one significant…
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