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Nye County accepts independent audit despite internal control weaknesses
Summary
Auditors issued a clean opinion on Nye County's FY2022–23 financial statements after proposed adjustments were recorded, but reported a material weakness in the comptroller's office, three small deficit funds and several budget violations that require corrective action plans with the Department of Taxation.
Nye County commissioners voted unanimously April 30 to accept the independent audit for the fiscal year ending June 30, 2023, after Daniel MacArthur Limited presented its report and recommended adjustments.
The audit opinion concluded that, "the financial statements referred to above present fairly in all material respects the respective financial position" of county funds after the adjusting entries proposed by the auditor were recorded, Daniel McArthur told the Board during the meeting. He said the firm obtained reasonable assurance and therefore could issue a clean opinion.
Why it matters: the audit also flagged governance and compliance items that county managers must…
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