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Independent auditor issues unmodified opinion on Victorville’s FY2024–25 financial statements
Summary
Outside auditor Ahmed Badawi presented the city’s FY2024–25 annual comprehensive financial report, reporting an unmodified (clean) opinion, no material weaknesses and about 16 months of general fund reserves; council voted to receive and file the report.
Victorville — An independent auditor told the City Council Tuesday that the City of Victorville’s FY2024–25 financial statements are fairly stated in all material respects and issued an unmodified opinion.
Ahmed Badawi, the engagement partner for the independent audit firm, presented the scope of the engagement and the areas of primary audit risk, including revenue recognition and management estimates.…
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