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Isanti City council accepts 2024 financial audit with single finding on statement preparation
Summary
The city council accepted an unmodified audit of Isanti's 2024 financial statements from accounting firm Abdo, noting one audit finding that city staff had prepared the statements for the auditor.
The Isanti City Council voted to accept the 2024 annual financial report and management letter from accounting firm Abdo during its meeting, citing a clean (unmodified) opinion and a single audit finding about statement preparation.
Abdo manager Kelsey Larson told the council, “as auditors, we are engaged to opine on your financial statements on whether or not they are presented fairly and free from material misstatement.” Larson said her firm issued an unmodified (clean) opinion and found no instances of noncompliance in Minnesota compliance testing areas they reviewed.
The nut graf: The council’s acceptance authorizes the city to…
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