Auditor gives Concord School District a clean opinion; no control deficiencies found

Scott McIntyre, a partner with CBIZ, presented the Concord School District Finance Committee with the district’s audited FY2024 financial statements and related reports, saying the auditors issued an unmodified (clean) opinion and identified no material weaknesses or significant deficiencies in internal control.

McIntyre opened by describing the governance letter required by auditing standards and emphasized that the statement in the letter identifying a “significant risk of a material misstatement” is a required classification in every audit and does not itself mean a material error was found: "That means we in turn have to identify specific audit procedures to mitigate that risk," he told the committee.

The audit found no disagreements with management and no material audit adjustments. McIntyre said the auditors assisted district staff with converting the district’s books from modified-accrual to accrual for the financial statements, a practice they perform for many public-sector clients and which the governance letter discloses.

McIntyre reviewed key long-term accounts. The district’s net pension liability was reported at…