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Sandpoint auditors issue clean opinion on 2023–24 financial statements
Summary
Independent auditors Magnuson, McHugh & Daughtry issued an unmodified opinion on the City of Sandpoint's fiscal-year 2023-24 financial statements and reported no material findings or internal-control deficiencies.
An independent audit firm told the Sandpoint City Council on March 19 that the city's fiscal-year 2023-24 financial statements fairly present the city's financial position and carry an unmodified opinion.
Laura Parasite, a partner with Magnuson, McHugh & Daughtry, told council members the audit was performed in accordance with governmental accounting standards and that the firm issued an unmodified opinion, the highest level of assurance an auditor can provide. "We issued an unmodified opinion, which essentially means that…
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