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Petersburg Borough receives clean BDO audit for 2025; small lease reporting note disclosed
Summary
BDO presented an unmodified (clean) opinion on Petersburg Boroughfinancial statements and the federal/state single audit for fiscal year 2025; auditors noted one control deficiency carried forward and a small uncorrected lease-related item that management declined to book as a liability.
BDO assurance partner Vicky Shrestha told the Petersburg Borough Assembly that the firm issued an unmodified (clean) opinion on the borough—s 2025 financial statements and on its federal and state single audit.
The audit team reported no material weaknesses or significant deficiencies. Auditors listed one control deficiency carried over due to the size of the organization, and a small uncorrected misstatement related to…
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