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Eldon council hears auditor report and receives clean opinion on 2022 financials
Summary
A partner from company CPA presented the completed 2022 audit and said the firm issued a clean opinion on the city's 2022 financial statements; management discussion & analysis and other supplementary schedules were provided but not audited.
Wendy, a partner with company CPA, told the Eldon City Council that her firm completed the audit of the city’s financial statements for the year ended Dec. 31, 2022, and issued a clean (unmodified) opinion on those statements.
"We concluded that the above financial statements are presented fairly in all material respects — it is a clean opinion," Wendy said as she summarized the opinion letter and the scope of the engagement. She described the audit as covering government activities, business-type activities, major funds and aggregate remaining fund information, and noted that the audit included related notes to the financial statements.
Wendy walked the council through the audit report structure and flagged which supplementary materials were not audited: the management’s discussion and analysis, required supplementary information related to pension schedules and certain budgetary comparisons. She recommended that council members review pages 4–12 (management discussion and analysis) for a concise overview of the larger report. She also said that staff members Mandy and Trevor provided management representations used during the audit.
Council members asked procedural questions about future engagements; Wendy said she planned to present engagement documents for subsequent audits at the next meeting and outlined a target timeline for completing work on later fiscal years.
The presentation concluded without a recorded roll-call vote on acceptance of the report; the auditor left the council with guidance on which portions of the report were audited and which were provided as unaudited supplementary information. The council moved on to other agenda items following the audit presentation.
