Board told audit field work is complete; no significant deficiencies reported
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Summary
The CFO reported audit field work by Matlock Clement is complete and that the firm found no significant deficiencies or material weaknesses; a draft financial report is expected this week and the board may review the audit at its March meeting after an extension from the comptroller's office.
Miss Williams, the district CFO, told the Fayetteville City Board of Education that audit field work performed by Matlock Clement is complete and that the auditor reported no significant deficiencies or material weaknesses.
"Audit field work procedures is completed, and there are no significant deficiencies or material weakness or any other noncompliance matters," Miss Williams said, relaying comments from Andy Matlock at Matlock Clement. Miss Williams said the firm expected to deliver a draft financial report by the end of the week for the board's review.
Board members noted the firm is also handling the City of Fayetteville's audit and that commonalities may have produced efficiencies. Miss Williams said Matlock Clement received an extension from the comptroller's office and the goal remains to present the audit at the March board meeting after the board's review of the draft.
No audit draft or final report figures were distributed during the meeting; Miss Williams invited board members to follow up with specific questions offline.