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Auditor gives Auburn a clean FY22‑23 opinion but flags material weakness and control issues
Summary
Munn CPAs issued an unmodified (clean) opinion for Auburn's FY22‑23 financial statements but reported one material weakness tied to about 20 audit adjustments, a significant deficiency related to grant reconciliation (approx. $400,000), and a compliance finding for late filing; auditors and staff attributed many issues to an ERP implementation and turnover.
An independent audit firm presented Auburn’s audited comprehensive financial report for the year ended June 30, 2023 at the June 24 council meeting and issued an unmodified — commonly called a “clean” — opinion on the city’s financial statements.
Erica Pastore, a partner with Munn CPAs, told council that while the financial statements are presented in accordance with GAAP, the audit identified one material weakness and one significant deficiency. The material weakness stemmed from roughly 20 audit adjustments across multiple accounts and control lapses related to an ERP system implementation and staff…
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