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Charles County Public Schools audit delayed by ERP implementation; auditors report two material weaknesses
Summary
Auditors from CLA told the Board of Education of Charles County at a Feb. 24 work session that the district's fiscal 2024 audit was delayed by a recent ERP implementation and that the audit identified two material weaknesses tied to revenue deferral and accounts-payable cutoffs.
Auditors from CLA and Charles County Public Schools officials told the Board of Education of Charles County on Feb. 24 that the district's fiscal year 2024 audit was delayed by the implementation of a new enterprise resource planning (ERP) system and that auditors identified two material weaknesses that require corrective action.
The auditors presented detailed financial statements and a required-communications letter at the work session. Bill Early, principal at CLA, said the audit was not issued by the Sept. 30 deadline required by the Maryland State Department of Education because of the new system implementation, but that the delay “was not an indication of any wrongdoing, any illegal activity, any fraudulent activity. It was merely a timing issue,” and that the audit has now been issued and sent to the state.
Auditors described two material weaknesses. The first involved the improper deferral of revenue: amounts recorded as restricted in…
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