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Forest Lake council accepts 2024 audit; auditors issue clean opinion, note repeat internal-control finding
Summary
The Forest Lake City Council voted to accept the independent audit for the year ending Dec. 31, 2024. Auditors issued an unmodified (clean) opinion but reported a repeat internal-control finding related to segregation of duties.
The Forest Lake City Council voted June 13 to accept the city's 2024 financial audit, which presented an unmodified, or clean, opinion while noting a repeat internal-control finding.
The independent auditors, Jackie Knowles of Bergen KDP, told the council the audit provides assurance that the financial statements "are fairly presented in all material respects" for the year ending Dec. 31, 2024. Knowles said the auditors found no Minnesota legal compliance findings required to be reported by the Office of the State Auditor. She said the one internal-control issue is a repeat finding: a lack of segregation of accounting duties caused by a single person being able…
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