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County auditors give Wicomico clean opinion but flag reconciliations and grant accounting weaknesses
Summary
PKS and Company presented the fiscal year 2024 audit, issuing an unmodified (clean) opinion while noting one material weakness in account reconciliations and two significant deficiencies for grant and bank reconciliations; county general fund unassigned balance grew to $85.36 million.
PKS and Company, the county's independent auditors, presented the fiscal year 2024 audited financial statements to the Wicomico County Council on April 1 and issued an unmodified opinion — commonly called a clean opinion — while reporting internal-control issues that warrant council attention.
Ashley Sharon, a partner with PKS and Company, told the council the auditors “issued an unmodified opinion previously known as unqualified, and this is what's also known as a clean opinion.” The opinion means the auditors did not find material misstatements in the county’s financial…
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