Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Independent audit delivers unmodified opinion; auditors flag segregation-of-duties concerns
Summary
IVD auditors reported an unmodified (clean) opinion on Bennington Public Schools' 2024-25 financial statements, noted three audit adjustments and required a single audit after federal spending exceeded $750,000; auditors repeated a control comment on segregation of duties and cautioned about auditors assisting with internal controls.
An independent audit summary presented Monday concluded Bennington Public Schools' 2024-25 financial statements received a clean (unmodified) opinion, but the auditors also issued repeat comments on internal-control weaknesses related to segregation of duties.
Justin Cole, substitute auditor from IVD, said the financial statements were prepared on the modified cash basis and that the firm recorded three audit adjustments during its procedures, including reclassifying certain tax revenues and transfers and reconciling county…
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
