FY2021 audit: Rising Sun shows stable reserves but discloses one material internal-control weakness
WCS accounting presented the FY2021 audit finding the town's financial statements are materially correct but reported one material weakness in internal control involving adjustments; there were no compliance findings and cash reserves equal about six months of expenditures.
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Karen Goshen of WCS accounting presented the Town of Rising Sun’s fiscal year 2021 audited financial statements and related reports, saying the audit was conducted in accordance with generally accepted auditing standards and government auditing standards required for USDA-funded recipients.
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