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Auditor recommends disclaimer of opinion limited to GASB 96; no material weaknesses found
Summary
ISER CPA partner Cody Savi told the council the 2023 draft audit will likely carry a disclaimer of opinion limited to GASB 96 (subscription-based IT arrangements), citing a scope limitation; auditors reported no material weaknesses or significant deficiencies and proposed a multi-year plan to bring audits current.
Cody Savi, partner with ISER CPA, presented the draft financial statements for fiscal year ending June 30, 2023, and said auditors were largely confident in the work but will likely issue a disclaimer of opinion limited to the new GASB 96 accounting standard for subscription-based IT arrangements.
Savi told the council the GASB 96 issue arises when organizations use subscription-based IT services that,…
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