TCSS was recently notified that they received the highest recommendation of ‘unmodified’ once again. In addition, the firm verified there were ‘no findings’ within the reviewed finances. Byron Jones, Chief Financial Officer for TCSS, stated, “This audit period was for the 2017 fiscal year. This now makes two years in a row that TCSS has no findings. Due to both the no findings and unmodified audit opinions, we will now be considered ‘low risk’ going into the next school year."
The external audit report contains three sections:
- Management Discussion and Analysis (MD&A)
- Financial Statements
- Notes to Financial Statements; following this section is the firm’s opinion of the audit and if there were any findings.
Read entire article here