City controller, Deloitte report clean opinions; auditors flag OPEB control weakness
City controller and Deloitte presented the fiscal year 2024 Annual Comprehensive Financial Report and single-audit results, reporting issued clean opinions overall but noting a material weakness in controls over other postemployment benefits (OPEB) valuation and a corrected accounting presentation item.
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The Austin city controller and external auditors on April 16 presented the city's fiscal year 2024 Annual Comprehensive Financial Report (ACFR) and the single-audit results, reporting clean opinions on financial statements and federal/state compliance while identifying one material weakness tied to OPEB accounting controls.
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