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Stanley audit issues unmodified opinion but flags continuing internal-control weakness
Summary
Auditors gave the Town of Stanley an unmodified opinion for 2023–24 but identified a continuing material weakness in financial reporting software for receivables and deposit liability subledger reports; auditors also flagged late submission and several budgetary noncompliance matters.
Michael Carey, senior audit manager at RHCPS, presented the Town of Stanley’s fiscal year 2023–24 audit results at the Aug. 12 council meeting, reporting an unmodified opinion for the major funds and noting work remaining only for submission to the Local Government Commission (LGC).
Carey said the audit found one continuing material weakness related to the town’s financial reporting software, specifically…
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