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External auditor reports clean opinion, flags one internal-control item tied to pension grant
Summary
Yo and Yo partner Alan Cantor delivered the fiscal 2023–24 audit presentation, reporting an unmodified (clean) opinion and noting one internal-control comment tied to recording a state pension grant after year end; management-letter items were fewer than prior years.
Alan Cantor, partner at audit firm Yo and Yo, presented Fraser’s fiscal year 2023–24 audit to the City Council and said the auditors issued an unmodified (clean) opinion on the city’s financial statements.
Why it matters: a clean audit opinion signals to residents, bond markets and grantors that the city’s financial statements fairly present the government’s financial position in accordance with generally accepted accounting principles.
Cantor told the council the audit went well and was filed on time for the first time since 2021. He credited the finance director and city manager for…
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