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Odessa receives unmodified audit opinion despite internal‑control weakness tied to finance turnover
Summary
City auditors gave Odessa an unmodified (clean) opinion on its FY2023 financial statements but reported a material weakness in internal controls tied to turnover in the finance department; auditors and staff described corrective steps and a plan to accelerate the next audit cycle.
City auditors presented the Odessa City Council with an unmodified opinion on the city’s fiscal year 2023 financial statements while identifying a material weakness in internal controls that flowed from significant turnover in the finance department.
The finding came during a June 10 presentation by a finance staff member identified in the meeting as Kayla and by Greg Peterson, audit partner with Weaver and Associates. Kayla told the council that the weakness “stemmed from errors that were not detected prior to the audit and were primarily the result of significant turnover within the finance department during the fiscal year 23 year end close and audit period.”
Greg Peterson said the audit was conducted in accordance…
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