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CT Paid Leave Authority gets unmodified audit opinion for FY2025; auditors flag upcoming GASB changes
Summary
Auditors issued an unmodified opinion on the CT Paid Leave Authority’s FY2025 financial statements, reporting no compliance findings or material weaknesses; auditors also noted significant estimates (contributions receivable, benefit reserves, pension/OPEB) and advised preparing for two GASB standards effective in FY2026.
Auditors told the CT Paid Leave Authority on a morning call that they issued an unmodified (clean) opinion on the authority’s fiscal year 2025 financial statements and found no compliance findings, significant deficiencies or material weaknesses in internal controls.
"We've issued an unmodified opinion on the financial statements," Tom, the lead auditor, said during the presentation, adding that the audit met government auditing standards for a quasi‑public entity. The audit team also reported no findings from an IT control specialist review.
The auditors identified several significant estimates that received extra…
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