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External auditors issue clean opinion on Reidsville FY2024–25 financial statements
Summary
External auditors told the council they issued an unmodified opinion on the city’s FY2024–25 financial statements, found no material weaknesses or significant deficiencies, and reported federal/state grants testing nearly complete with no current findings.
Reidsville — The city’s external auditors presented the FY2024–25 audit to the council on Jan. 13 and reported an unmodified (clean) opinion on the financial statements.
Dan (auditor) told the council the audit followed generally accepted auditing standards and government auditing standards and that auditors identified no material weaknesses or significant deficiencies in internal control. The auditors also reported no corrected or uncorrected audit adjustments and said testing of federal and state awards is nearly complete with no findings to date.
The auditor noted the city adopted a new accounting standard with no required adjustments and said there were no disagreements with management during the audit. Auditors highlighted that the city’s financial statements were presented without adjustment and thanked city staff for timely responses that supported a smooth audit.
The council accepted the presentation; the audit report will be filed with the Local Government Commission in accordance with state requirements.
