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External auditors report expected 'clean' opinion but flag $6.2 million capital-asset error and time-reporting deficiency
Summary
Tim Lyons, the engagement partner for Buncombe County's external audit, told the audit committee auditors expect to issue unmodified opinions on the financial statements and on compliance but reported a material weakness — roughly $6,200,000 of capital assets attributable to local school systems — and a single-audit significant deficiency involving employee time reporting.
Tim Lyons, the engagement partner overseeing Buncombe County’s audit, told the county’s audit committee that auditors expect to issue unmodified, or “clean,” opinions on the county’s financial statements and on tested federal and state programs but reported two findings the committee must address.
Lyons said the county will receive an unmodified opinion once final quality-control work is finished and the county completes any minor edits to the ACFR. “My name is Tim Lyons, and I do serve as the engagement partner on the county's audit,” Lyons said. He told the committee the firm is in final review and aims to issue the final reports before the end of the month.
The most consequential issue reported is a material-weakness audit adjustment tied to a multi‑jurisdictional…
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