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BDD auditor reports single significant deficiency tied to partner billings and restatement
Summary
An external auditor told the Buckman Direct Diversion Board that a repeat, significant deficiency in the programof reconciling partner billings led to a restatement of the FY24 financial statements; staff and a consultant firm said they have moved to address the process and will distribute the full audit report to the board.
An external auditor told the Buckman Direct Diversion Board on May 1 that a single, repeat finding classified as a "significant deficiency" in the board's internal controls was tied to inconsistent reconciliation of partner billings and required a restatement of the FY24 financial statements.
The auditor said the issue stemmed from turnover and the absence of a consistent finance staff member to perform periodic reconciliations with BDD partners. The auditor noted the restatement and said all audit materials are publicly available on the state auditor's website.
The finding was characterized as a significant deficiency rather than a…
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