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Independent auditors deliver clean opinion on Florence’s FY24 financial statements; segregation-of-duties noted
Summary
Moulden Jessen CPAs presented the City of Florence FY24 audit. Auditors issued an unmodified (clean) opinion on the financial statements and a clean federal single-audit report but identified two internal-control items: an inventory recording issue corrected by staff and segregation-of-duties limitations in the finance office.
Grant Davis, partner with Moulden Jessen CPAs (auditors), presented the city’s Fiscal Year 2024 audit and annual comprehensive financial report. The auditors issued an unmodified (clean) opinion on the city’s financial statements, a government-auditing report noting two internal-control matters, and a clean federal single-audit opinion for the major programs reviewed (notably CDBG and the Coronavirus…
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