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CFAOC adopts CIRMindependent audit, auditors report clean opinion
Summary
The Citizens Financial Accountability Oversight Committee unanimously adopted the California Institute for Regenerative Medicine(CIRM) independent financial audit for the year ended June 30, 2023; auditors reported an unmodified (clean) opinion and no material weaknesses or findings of noncompliance.
The Citizens Financial Accountability Oversight Committee, chaired by State Controller Malia Cohen, voted unanimously on Dec. 18 to adopt the independent financial audit of the California Institute for Regenerative Medicine (CIRM) for the year ended June 30, 2023. Macias Gini & O'Connell (MGO) engagement partner Craig Carter presented the audit and said the firm issued an unmodified, or "clean," opinion on March 18, 2024, and found no material weaknesses or reportable noncompliance.
The audit covered the financial statements and required supplementary information,…
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