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Baltimore audit finds six material weaknesses, qualified opinions on several federal programs
Summary
The city's FY2024 annual comprehensive financial report and single audit, presented June 4 to the Board of Estimates, included a clean opinion on the ACFR but identified six material weaknesses in internal controls and qualified opinions for multiple federal programs, prompting calls for staffing, training and systems fixes.
The Board of Estimates on June 4 noted the City of Baltimore's annual comprehensive financial report (ACFR) and the federal single audit for the year ended June 30, 2024, which auditors said included six material weaknesses in internal control and qualified opinions on compliance for several federal grant programs.
The city auditor, Josh Pash, said the ACFR is the city’s official financial report for the year and that the single audit reviews federal awards. Bill Seymour, engagement partner for SB and Company, told the board, "We've issued an unmodified or, if you will, clean opinion on the city's ACFR; we discovered no instances of material fraud," while cautioning the audit identified…
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