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External auditors give Newport News an unmodified opinion; one material weakness corrected
Summary
External auditors reported an unmodified opinion on the city's FY2025 financial statements, found no reportable noncompliance or fraud, and noted one material weakness that the city identified and corrected during the year; federal-program testing remains ongoing.
Zack Lamorta, the manager of the external audit team, told the Newport News City Council at its year-end work session that auditors issued an unmodified opinion on the city's financial statements for the fiscal year ending June 30, 2025, the highest level of assurance an auditor can provide. "We audit the financial statements of the City of Newport News for the year ended 06/30/2025 and had an unmodified opinion, which is the best opinion you can have," Lamorta said.
Lamorta said auditors did not note reportable noncompliance or significant accounting policy issues…
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