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Wright County auditors give unmodified opinion, note new GASB sick‑leave accounting and routine control findings
Summary
Gardner & Company presented an unmodified (clean) FY2025 audit for Wright County, flagged implementation of a new GASB standard on compensated absences that changed sick‑leave accounting, and recommended internal‑control improvements including segregation of duties and timely budget amendments.
Gardner & Company presented Wright County’s fiscal year ending June 30, 2025 audit to the Board of Supervisors, delivering an unmodified opinion and explaining one major change: implementation of a Governmental Accounting Standards Board rule that alters how compensated absences, particularly sick leave, are recognized.
The auditor from Gardner & Company (identified in the meeting as Alex) told supervisors the new GASB guidance requires counties to estimate the portion of sick leave more likely than not to be used while an employee remains employed and to record that portion as a liability. The auditor said the county’s payroll staff performed individual assessments and the office recorded material adjustments during audit fieldwork…
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