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External auditors issue clean opinion; single-audit finds grant compliance and control deficiencies
Summary
External auditors told the Government Audit & Oversight Committee they issued an unqualified opinion on the city's financial statements but identified control deficiencies (timesheet approvals, cash controls) and single-audit problems in some HUD/Recovery Act grants, prompting departmental corrective steps.
San Francisco ' External auditors presented the City and County of San Francisco's comprehensive annual financial report to the Government Audit and Oversight Committee on April 14 and issued an unqualified (clean) opinion on the city's financial statements, while also reporting control deficiencies and single-audit findings that departments must address.
Caroline Walsh, partner at the city's principal auditor, reported a clean opinion on the basic financial statements and said auditors did not identify any material weaknesses in internal control over financial reporting. "We…
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