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Larson & Co. gives Santaquin an unmodified audit opinion; council discusses audit committee and insurance coverage
Summary
Larson & Co. presented the independent audit for fiscal year 2025 and issued an unmodified opinion on the city's financial statements, the firm's partner John Hatterley told the council.
Larson & Co. presented the independent audit for fiscal year 2025 and issued an unmodified opinion on the city's financial statements, the firm's partner John Hatterley told the council.
"Unmodified or unqualified is a clean opinion," Hatterley said, explaining that the auditor's work is performed using sampling and that materiality limits absolute assurance.
The auditor also reviewed additional reports required under government auditing standards, including internal-control testing and a state-compliance opinion. Hatterley told the council…
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