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External auditor issues clean opinion; flags segregation-of-duties weakness
Summary
Baker Tilly presented the 2024 audit for the Village of Waukesha, issuing an unmodified (clean) opinion while noting material weaknesses related to segregation of duties and non-audit services performed for the village.
Baker Tilly auditor Paul Franz told the Village of Waukesha village board on May 20 that the firm issued an unmodified opinion on the village’s 2024 financial statements and highlighted a small number of recurring internal-control findings.
“An unmodified opinion — also known as a clean bill of health — is the highest level of assurance,” Paul Franz, principal with Baker Tilly, told trustees as he reviewed financial highlights and required communications. He reported the general fund held about $1.25 million in fund balance at Dec. 31, 2024, with…
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