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Town audit shows unmodified opinions but flags four internal-control recommendations
Summary
External auditor reported an unmodified opinion on the Town of Prescott Valley’s FY24–25 financial statements and on single-audit federal compliance while listing four recommendations (IT policies, personnel documentation, conflict disclosures, and a WIFA-grant benchmark risk).
Michael Lazon, CPA, audit partner with Heinfeld Meach, presented the town’s FY24–25 annual external audit to the council on Jan. 8 and reported an unmodified opinion on the financial statements and on federal single-audit compliance. The unmodified opinion is the highest level auditors can issue and indicates the firm found the town’s…
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