Florence One Schools Receives Unmodified Financial Audit Opinion | Local News

Florence One Schools Receives Unmodified Financial Audit Opinion |  Local News

The financial statement audit also examines internal financial reporting controls and reviews the district’s largest federal programs. This year, listeners reviewed the infant nutrition program and the special education program.

Purchase verification was performed by Webster Rogers. He examines whether the neighborhood follows its purchasing rules.

How does an independent auditor assess the entities they audit?

An independent auditor offers two main types of advice: unmodified or modified. Unmodified opinions indicate that the records have been prepared in accordance with accounting principles and required laws. The modified opinions indicate that the statements have not been prepared in accordance with accepted accounting principles and laws.

There are three modified notification subtypes: Qualified, Unfavorable, and Warning. Mixed opinions indicate that there is an anomaly in the records, but not in the whole. Unfavorable opinions indicate that the inaccuracies are made …

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