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City audit shows unmodified opinion; finance staff and auditors flag material‑weakness reporting
Summary
Baker Tilly issued an unmodified (clean) opinion on West Bend’s 2024 financial statements while reporting a material weakness in internal controls and noting a single audit is required for federal grants.
The City of West Bend’s 2024 financial statements received an unmodified — or "clean" — opinion from auditors Baker Tilly, the firm told the Finance Committee on June 16, but the audit’s communication of internal control matters included a reported material weakness tied to the city’s role in preparing its own financial statements.
Andrea Janssen, a principal with Baker Tilly, said the firm issued the highest level of assurance but noted a new accounting standard implemented in 2024, GASB 101, will be identified in the audit’s…
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