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Independent audit finds Summit County books materially reliable; auditors flag immaterial budget reporting items
Summary
Squire & Company reported an unqualified opinion on Summit County's 2022 financial statements, noted improved timeliness and internal control improvements, and identified immaterial budgetary compliance items and the accounting effects of bond proceeds and ARPA recognition.
Summit Countyofficials received an independent audit presentation on Aug. 23 from Squire & Company. Auditor Matt Geddes told the council the financial statements for the year ended Dec. 31, 2022, received an unmodified (unqualified) opinion and the county complied in all material respects with federal and state program provisions tested.
Geddes explained that the county's reported net position rose materially in 2022 for a combination of reasons: the par amount of recently issued…
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