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Auditors expect clean opinion after restatements; $4 million property-tax item corrected
Summary
External auditors told the Provo School Board they expect to issue an unmodified (clean) opinion after correcting several restatements tied to GASB guidance and timing of revenue recognition, including a roughly $4 million property‑tax reclassification; auditors reported no federal compliance findings for tested programs.
The district’s new auditors presented their year‑end findings and told the Provo School Board they expect to issue an unmodified (clean) opinion on the financial statements after correcting several technical restatements.
Kyle Green and Trey Johansen, the auditing team, said the federal compliance supplement had not yet been issued, which delayed formal issuance of the financial statements; however, they did not anticipate substantive changes to the draft already shared with…
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