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Independent auditor gives Orange County unmodified opinion on 2024 financial statements; reports one material weakness and one significant deficiency

2599872 · January 14, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

PB Mairs LLP presented Orange County's fiscal-year 2024 annual comprehensive financial report, issued an unmodified (clean) opinion, and reported one material weakness and one significant deficiency in internal control; no federal program compliance findings were reported.

An independent audit of Orange County's fiscal 2024 financial statements concluded with an unmodified opinion, PB Mairs LLP told the Board of Supervisors at the county's meeting. The auditor said the unmodified opinion is the highest level of assurance available for government financial statements.

Andrea Nichols, director and audit manager with PB Mairs, reviewed three documents for the board: the annual comprehensive financial report (the…

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