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County accepts 2022–23 audits after auditors report $15.96 million in adjustments and recurring weaknesses
Summary
Auditors from James Moore & Company presented the county''s 2022 and 2023 audit results, citing a qualified opinion tied to an unreported OPEB actuarial liability, four material weaknesses and $15,963,000 in audit adjustments; the Board voted to accept the audits and asked auditors for tighter communications going forward.
Auditors from James Moore & Company presented Baker County''s 2022 and 2023 audit results and the Board of County Commissioners voted to accept the reports after a workshop review that highlighted recurring internal-control problems and large adjusting journal entries.
The auditors told the board the firm issued a qualified opinion on the countywide financial statements because the county did not obtain an actuarial valuation for post-employment other-than-pension benefits (OPEB): "You would need to hire an actuary," said Ben Clark, director at James Moore, describing what would be required to remove that qualification.
That technical qualification was one of several findings auditors discussed. James Moore reported four material weaknesses that recurred from prior years: cash-to-accrual audit adjustments and preparation of financial statements; untimely year-end close and financial reporting; untimely bank reconciliations;…
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