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External auditors issue clean opinion on MCPS FY25 financial statements; single‑audit on track
Summary
SB and Company reported an unmodified opinion on Montgomery County Public Schools’ FY25 financial statements, found no material weaknesses or fraud, and said the federally required single audit is on track to be completed by the Dec. 31 deadline.
SB and Company issued an unmodified (clean) opinion on Montgomery County Public Schools’ FY25 financial statements and the district’s annual comprehensive financial report, the firm told the school system’s Fiscal Management Committee on Dec. 2. Chris Lehman, engagement partner for SB and Company, said auditors found no material weaknesses in internal control and no instances of fraud during their audit of the year ending June 30, 2025.
The audit covered the ACFR, which includes basic financial…
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