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External audit finds no new material weaknesses for Urbana SD 116; supplementary schedules added for local grant
Summary
The district’s external audit team delivered its audit committee communications, reported a clean single-audit opinion, and included additional supplementary schedules required by a local grant; an adverse presentation related to the district’s non-GAAP reporting was noted as a standing format issue, not a new weakness.
Urbana School District 116’s external auditors reported a completed audit with no new material weaknesses or significant deficiencies found and issued a clean single-audit opinion for the year. The auditor explained that one local grant required additional audit procedures this year and, as a result, supplementary schedules were added to the consolidated financial statements.
The auditors…
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