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City auditor gives Warren an unmodified opinion, flags record-keeping for comp-time and ERP timing
Summary
Plant Moran presented the city's ACFR and issued an unmodified opinion but reported two internal control matters, including difficulty documenting historical use patterns for compensated absences under new GASB guidance; auditors said a single audit will follow by March 31.
Josh Eady, principal at auditor Plant Moran, told Warren City Council on Feb. 10 that the city's Annual Comprehensive Financial Report received an “unmodified opinion,” meaning the financial statements conform to accounting standards and can be relied on. He said the city’s continued effort to publish an ACFR “is above and beyond what is required by the state.”
Eady said auditors recorded two internal control matters. The first reflects audit entries Plant Moran identified to bring the statements into compliance with GAAP. The second was a significant deficiency tied to implementation of a new accounting…
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