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Wauconda auditor issues clean opinion; no internal control deficiencies found
Summary
An independent auditor told the village board the annual audit returned an unmodified opinion; the auditor reported fund movement across funds and a new accounting standard on compensated absences. No internal control deficiencies were reported.
The village’s independent auditor told the Village of Wauconda board that the annual audit produced an unmodified (clean) opinion and identified no internal control deficiencies.
“The financials were in great shape again this year,” the auditor said, adding that an unmodified opinion is “the best opinion you can have.” The auditor said testing of receipts, accounts…
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