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Arizona Auditor General presents Cochise County FY2024 audit: county received unmodified opinion but auditors reported five findings
Summary
The Arizona Auditor General presented Cochise County's FY2024 audit, reporting an unmodified opinion on the county's financial statements but listing five findings — three financial statement items and two federal compliance issues — that management must address.
The Arizona Auditor General's Office presented its fiscal year 2024 audit of Cochise County during the board's July 22 meeting, reporting an unmodified (clean) opinion on the county's financial statements but identifying five audit findings: three financial statement findings and two federal single‑audit findings.
Terrence Stangel, financial audit manager for the Auditor General's Office, told supervisors the office conducts audits under US Generally Accepted Auditing Standards and government auditing standards and is required by Arizona Revised Statutes to present results publicly. "For fiscal year 2024, we reported an unmodified, or what we say, a cumulative opinion, which means the county's financial statements are reliable," Stangel said.
The auditors highlighted several financial trends and figures: the county's net position increased by about $29.9 million in fiscal year 2024; $139.6 million is recorded as invested in capital assets…
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