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Auditors: No fraud found in Buckfield; recommend general‑ledger cleanup, say town has reserves for capital or tax relief
Summary
At a June 13 Town of Buckfield workshop, auditors reported no evidence of fraud in recent audits but flagged accounting and general‑ledger problems, recommended cleanup work, and said the town’s current fund balances give some flexibility for capital spending or tax relief.
At a Town of Buckfield workshop on June 13 at 5:36 p.m., auditors reported that reviews of recent records uncovered no evidence of fraud but did find significant accounting and general‑ledger problems that need correction to produce reliable year‑end financial statements.
The auditor, Fernando, told town officials the firm did not “see areas of fraud or key fabrication” but found “bad math, bad accounting” and software‑use issues that complicated prior audits. He said the firm plans to submit a management letter and finish the 2024 audit product in the coming weeks.
Why it matters: Fernando said that with the bookkeeping cleaned up, the town will have a clearer baseline for budgets and reserves and be positioned to consider one‑time uses of funds…
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