Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Auditors to issue clean opinion for Mooresville but flag sales-tax timing and grant recognition adjustments
Summary
Audit firm Cherry Bekaert reported an unmodified opinion on Mooresville financial statements but noted a material weakness involving a $1.9 million sales‑tax timing posting and uncorrected grant and asset recognition adjustments; auditors found no fraud and asked the town to file a corrective action plan with the LGC.
The Mooresville Board of Commissioners received the town annual audit executive summary from audit firm Cherry Bekaert, which indicated auditors planned to issue an unmodified (clean) opinion on the town financial statements while reporting a limited material weakness and some restatement-related items.
Dan of Cherry Bekaert explained that the firm audited the financial statements in accordance with generally accepted auditing standards and government auditing standards and that the financial-statement opinion would be unmodified. He…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
