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County auditors give Box Elder an unmodified 2025 opinion; urge continued control reviews
Summary
Larson & Co. reported an unmodified (unqualified) opinion on Box Elder County's 2025 financial statements and federal single-audit, reported no material weaknesses or significant deficiencies, and recommended continued attention to internal controls and fraud-risk documentation.
Larson & Co. partner John Hatterley told the Box Elder County Commission that the county's 2025 financial statements "are materially correct, and they they give a fair status of the government as of 12/31/2025." The firm issued an unmodified (unqualified) opinion on the financial statements, an unmodified state compliance opinion and an unmodified federal single-audit opinion.
Hatterley reviewed the audit scope and emphasized that auditors test fund balances and key transactions. He noted changes in accounting language under GASB, saying the term "going concern" for governments is being reconsidered and may be replaced with "financial distress" to better capture government-specific risk. He also described strengthened fraud-risk assessment procedures and recommended documented rationale when officials mark risks on the assessment.
The auditors reported no material weaknesses, no significant deficiencies and no federal award findings for the year; a prior-year budgetary compliance finding in the RDA fund was corrected during 2025. Hatterley urged commissioners and staff to maintain controls and to document mitigating safeguards, saying county staff and the clerk's office have helped make the audit process run smoothly.
The commission had time to ask questions and did not direct immediate follow-up action beyond routine oversight. The presentation was accepted as part of the meeting record.
