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PPIC accepts FY2024 audited financials with qualification on land held for resale; adopts minutes
Summary
The Portsmouth Port and Industrial Commission received a FY2024 audit from CliftonLarsonAllen that included a qualified opinion limited to valuation of land held for resale; commissioners also adopted the Oct. 22, 2024 minutes by voice vote.
The Portsmouth Port and Industrial Commission on Jan. 28 received the FY2024 audited financial statements from CliftonLarsonAllen and adopted the Oct. 22, 2024 meeting minutes.
Shari Amos, principal with CliftonLarsonAllen, told commissioners the firm "did issue a qualified opinion on the financials of PPIC, related to the land held for resale as we were not able to obtain sufficient audit evidence over the valuation of that account." Amos said…
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