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County auditor issues unmodified opinion; $17.5 million sick‑leave restatement disclosed
Summary
The county’s external auditor issued an unmodified opinion on the fiscal year financial statements and reported a restatement of roughly $17.5 million to record sick‑leave liabilities under a new GASB standard; staff said no audit adjustments or control deficiencies were identified.
Scott Anderson, the audit partner presenting for the county’s external auditor, told the board the audit report was issued Jan. 30, 2026, and the firm expressed an unmodified opinion on New Hanover County’s financial statements.
The audit included a compliance component for federal and state grants that was delayed because auditors did not receive a…
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