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County audit: clean opinion but repeated control weaknesses and nursing‑home accounting gaps
Summary
Sikich auditors presented a clean (unmodified) opinion on Stephenson County’s 2024 financial statements but reported four repeat internal‑control findings, including material audit adjustments from cash‑to‑accrual conversions, incomplete capital asset records and issues in the nursing‑home receivables and payables.
Sikich representatives told the Stephenson County Finance Committee on Nov. 7 that the county’s fiscal year ended Dec. 31, 2024 received an unmodified (clean) audit opinion, but the auditors identified four repeat findings in internal control that require continued management attention.
The audit presenter said the unmodified opinion means “your financial statements are presented fairly in all material respects in accordance with generally accepted accounting principles.” At the same time, auditors flagged material audit adjustments made to convert the county from a cash…
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