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Montgomery County audit committee hears clean FY25 audit, recommends SB & Company contract extension
Summary
Auditors from SB & Company told Montgomery County's audit committee they issued unmodified (clean) opinions on FY25 county financial statements and found no reportable fraud or material weaknesses; the committee unanimously recommended a one-year contract amendment for SB & Company that includes a 2.7% CPI increase.
Montgomery County's audit committee heard on Wednesday that auditors from SB & Company issued unmodified (clean) opinions on the county's FY25 financial statements and related retirement-plan reports and found no reportable material weaknesses or audit adjustments.
"We did not discover any instances of fraud," said Bill Seymour, the engagement partner with SB & Company, adding that the firm's work is not a forensic fraud audit but that testing showed no instances of fraud in areas examined. Seymour said the firm also issued a clean compliance opinion on federal programs tested.
The auditors described the engagement's scope as including the county's financial statements, the Uniform Guidance single audit of federal grants, the 9-1-1 program, agreed-upon…
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