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Auditors give Richland Middle College unmodified opinion; fund balance rose $367,000
Summary
Auditors from Martin & Smith reported an unmodified opinion on Richland Middle College's fiscal-year-'25 financial statements and a positive assessment of internal controls; the unassigned fund balance increased by $367,000 year over year, the firm told the board Dec. 10.
Richland Middle College's board heard Dec. 10 that independent auditors issued an unmodified opinion on the school's fiscal-year-'25 financial statements and found no material weaknesses in internal controls.
Mister Ken Martin of auditing firm Martin & Smith told the board the firm followed generally accepted auditing standards and governmental audit standards to reach its conclusion. "We're able to give you an unmodified opinion on the financial statements," he said, and added that the audit work included tests of assets, liabilities, revenues…
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