Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Independent auditors give town 'unmodified opinion' but flag control weaknesses; commission directs finance to tighten policies
Summary
James Moore & Company issued an unmodified opinion on Pembroke Park's fiscal year 2024 financial statements but reported two material weaknesses and three significant deficiencies; commissioners directed the finance department to develop policies and return with a plan.
Pembroke Park commissioners heard the town's annual audit on Wednesday and were told the fiscal year ended Sept. 30, 2024, produced financial statements that auditors deemed reliable but showed internal control problems that need correction. "We did issue an unmodified opinion that your financial statements are fairly presented in all material respects," auditor Zach Shalifour said during the presentation of James Moore & Company's report. That is the highest assurance the firm can give.
The audit identified two material weaknesses related to the timeliness of reconciliations and late audit adjustments, and three significant…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
