Caddo Parish audit yields clean opinion; auditors flag control weaknesses at school sites

Caddo Parish School Board members on March 4 heard that an independent audit of the district’s fiscal year ending June 30, 2024, received an unmodified (clean) opinion but identified one recovered misappropriation and multiple procedural exceptions.

Michael Gould, the engagement partner from accounting firm Carr Riggs & Ingram, told the Insurance and Finance Committee the audit team issued an unmodified opinion and found no significant deficiencies, material weaknesses or material instances of noncompliance in the financial statements. "We issued an unmodified audit opinion, which is a clean audit opinion. It's the best that you can get," Gould said.

The audit did identify one finding, which auditors said had already been detected by the district’s internal audit department: a $780 misappropriation at a school activity fund linked to cheer funds that the auditor said was repaid to the school. In addition to the financial-statement audit, the firm performed a single audit of federal award programs (including Title I and…