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Norwood FY23 audit delivered after delay; auditors flag unpaid invoices in water/sewer as material weakness
Summary
Town finance staff told the Finance Committee the FY23 audit was completed after delays tied to the prior auditor’s mergers and a CVIS review; auditors reported a material weakness for unpaid water/sewer invoices that staff said they have addressed.
At the June 12 Finance Committee meeting, treasury staff reported that the FY23 audit was delivered late because the town’s prior audit firm underwent mergers and the acquiring firm, CVIS, reviewed the predecessor firm’s audits before finalizing them. Treasury staff said the FY23 audit is now complete and that the FY24 audit work has resumed.
Why this matters: Audits provide…
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