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Atlanta posts clean FY24 audit; single audit still in progress, one material weakness noted
Summary
External auditors issued unmodified opinions for the city’s financial statements and enterprise funds; the single audit remained underway with an expected March completion. Auditors reported one material weakness related to year-end close procedures but removed a long-standing pension finding.
Deputy Chief Financial Officer Yolanda Carr and external auditor Doug Moses presented the city’s FY 2024 audit to the Finance and Executive Committee, reporting unmodified (clean) opinions on the city’s basic financial statements, aviation and watershed financial statements and the three pension plans.
Moses, engagement partner for Mauldin & Jenkins, told the committee the firm issued “an unmodified or a clean opinion” on the basic financial statements and clean opinions for aviation, watershed and the three pension plans. Deputy CFO Yolanda Carr said the single audit was still in progress and “we hope to have that done by March.”
Why it matters: Clean audit opinions support continued access to credit markets and signal that financial reporting met…
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