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Independent auditors issue clean opinion on LCPS financials; one IT-related finding reported
Summary
Partner firm presented the fiscal year audit: auditors issued unmodified "clean" opinions on the district’s financial statements and federal single-audit; testing found one reportable IT-control weakness involving attempted vendor fraud that was caught before payment.
External auditors summarizing the district’s audited financial statements told the board the district received an unmodified (clean) opinion on its financial statements and on the federal single-audit for the fiscal year ending June 30, 2024. The auditor described the opinion as the type of result the district wants and said the financial records are well maintained.
What auditors reported: Partner Chris Connor (Patio, Bronze & Hill) explained New Mexico requires expanded testing and a “yellow book” layer of government auditing…
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