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County auditors issue clean opinion on FY25, note one material weakness and $17M accounting change
Summary
External auditors issued an unmodified (clean) opinion on Forsyth County's FY25 financial statements, flagged one material weakness tied to prior grant revenue recognition, and said a GASB accounting change created a $17 million sick‑leave liability adjustment; the single‑audit remains open pending a federal compliance supplement.
Auditors told the Forsyth County Board of Commissioners on Dec. 15 that they issued an unmodified opinion on the county's FY25 financial statements, the highest level of assurance under government auditing standards.
"We issued an unmodified opinion," said the lead auditor, whose team includes Albert Ong and Emily Bennett. The auditor reported no uncorrected misstatements and said management corrected all items identified during the audit.
The firm identified one material weakness that had been self‑reported by finance before the audit began. The weakness related to recognition of grant revenues in prior years when bond proceeds were intended…
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