Audit flags recordkeeping errors in retiree fund; board accepts audited financial statements
Independent auditors gave an unmodified opinion on the retiree health and welfare trust but reported significant documentation and contribution‑calculation errors in sampled remittances and two internal‑control matters. The board accepted the audited financial statements and asked staff for remediation plans.
The full story
Auditors presented the audited financial statements for the retiree health and welfare trust on Dec. 12 and issued an unmodified (clean) opinion for the retiree fund while drawing the board’s attention to internal‑control issues.
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