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External auditors find material weaknesses, single-audit issues in NogalesFY2024 review
Summary
CliftonLarsonAllen presented the City of Nogalesaudit for the year ended June 30, 2024, reporting unmodified financial-statement opinions but material weaknesses in federal-program compliance and recommendations for a grants coordinator and improved financial-close procedures.
CliftonLarsonAllen presented results of the City of Nogalesaudit for the fiscal year ended June 30, 2024, reporting clean, unmodified opinions on the cityfinancial statements but identifying material weaknesses tied to federal-award accounting and the annual financial close.
The audit firmprincipal, Jean Marie Dietrich, said auditors rendered "clean, unmodified opinions" on governmental and business-type activities but were unable to issue unqualified single-audit opinions on several major federal programs because of compliance shortcomings. Dietrich noted material audit adjustments over ARPA revenue recognition and water-infrastructure (WIFA) transactions and identified material weaknesses in the…
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