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Middlesex County accepts annual audit, auditor issues unmodified opinion
Summary
Robinson, Farmer & Cox gave Middlesex County an unmodified opinion on its financial statements and highlighted a GASB 101 restatement and stronger fund balances; the board accepted the audit unanimously and the auditor said federal program testing showed no findings.
The Middlesex County Board of Supervisors accepted the county's annual audit after a presentation by Jay, partner in charge at Robinson, Farmer & Cox. The auditor said the firm was issuing "an unmodified opinion" on the financial statements, meaning the statements may be relied upon as materially correct.
Jay told the board that a new Governmental Accounting Standards Board standard (GASB 101) required a restatement of beginning balances tied to compensated absences,…
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