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CFAOC accepts 2022–23 independent financial audit; auditors and Controller's Office find no material deficiencies
Summary
The Citizens Financial Accountability Oversight Committee unanimously approved the 2022'023 independent financial audit of the California Institute for Regenerative Medicine (CIRM).
The Citizens Financial Accountability Oversight Committee unanimously approved the 2022–23 independent financial audit of the California Institute for Regenerative Medicine (CIRM) during its Dec. 18, 2024 meeting at the State Controller's Office.
The adoption follows a presentation by the independent auditors from Macias, Gini & O'Connell (MGO) and a separate quality-control review by the State Controller's Office. Craig Harner, the engagement partner for the audit firm, said the auditors obtained sufficient evidence to issue an unmodified (clean) opinion on CIRM's financial statements for the year ended June 30, 2023, and reported no…
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