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County audit issues unmodified opinion; auditors report material weaknesses for school board accounting
Summary
External auditors presented the Franklin County comprehensive annual financial report with an unmodified opinion but flagged material weaknesses in school board year‑end receivables and payables; auditors also recommended centralizing school cafeteria accounts under the treasurer.
Franklin County received an unmodified (clean) auditor’s opinion for its comprehensive annual financial report, but the county’s external auditors reported a finding that rose to the level of material weaknesses related to the Franklin County School Board’s year‑end accounting.
Corbin Stone, lead auditor presenting the report, told the Board of Supervisors that the independent auditors concluded “the financial statements are materially correct” and issued an unmodified opinion. The audit includes a Government Auditing Standards opinion and a federal compliance opinion. Stone also said the audit team recommended certain adjusting entries to school accounts to reflect receivables and payables…
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