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State Controller's Office adopts 2022–23 CIRM audit after quality-control review
Summary
The Citizens Financial Accountability Oversight Committee unanimously adopted the 2022–23 independent financial audit of the California Institute for Regenerative Medicine (CIRM) on Dec. 18, 2024, after the State Controller's Audit Division concluded the auditor's work met professional standards.
The Citizens Financial Accountability Oversight Committee, chaired by State Controller Malia M. Cohen, unanimously adopted the 2022–23 independent financial audit of the California Institute for Regenerative Medicine (CIRM) at a Dec. 18 meeting in Sacramento.
Macias Gini & O'Connell (MGO) engagement partner Craig Carter presented the audit and told the committee that the firm issued an unmodified (clean) opinion on CIRM's financial statements for the year ended June 30, 2023. "We were able to obtain enough audit evidence to render an unmodified opinion," Carter said during his presentation.
The audit…
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