Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditor reports draft FY23-24 financials; plans unqualified opinion but flags fund-balance and year-end control issues
Summary
Squire and Company told the South Salt Lake City Council it expects to issue an unqualified opinion on the city's FY2023-24 financial statements, but auditors reported state legal-compliance issues and a material weakness in year-end accounting.
City finance staff introduced Squire and Company's draft independent audit for fiscal year 2023-24 and invited the firm's lead auditor, Jason Wheeler, to summarize the status and findings.
Wheeler said the audit package was near completion and that the firm planned to issue an unqualified (clean) opinion on the city's financial statements. "We are planning on issuing an unqualified opinion," Wheeler told the council, and he said the draft had passed partner and second-partner reviews and was undergoing final quality-control checks.
Wheeler and Crystal highlighted several findings required to be…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
