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Oversight committee adopts CIRM FY2024 audit after auditors report 'unmodified opinion'
Summary
Auditors reported an unmodified opinion on the California Institute for Regenerative Medicine's FY2024 financial statements and the State Controller's Office quality-control review found the audit met professional standards; the Citizens Financial Accountability Oversight Committee adopted the audit unanimously on Dec. 30, 2025.
The Citizens Financial Accountability Oversight Committee on Dec. 30 adopted the independent auditors' report for the California Institute for Regenerative Medicine's (CIRM) fiscal year ended June 30, 2024, after outside auditors presented an unmodified opinion and the State Controller's Office reported a successful quality-control review.
Russell Roberts, a director with the audit firm Macias, Genie & O'Connell, told the committee the firm "included what we call, unmodified opinions," and said there were "no…
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