SAO releases Othello financial statement audit with no concerns

OTHELLO — The State Auditor’s Office released the report from the SAO’s audit of the city of Othello’s financial statements for 2022 on Feb. 29, citing no concerns or issues regarding the status of the city’s financial statements in its findings.

“In planning and performing our audit of the financial statements, we considered the City’s internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements,” the report stated.

According to the report, the results of the SAO’s tests disclosed no instances of noncompliance with various requirements and laws, or other matters that must be reported under government auditing standards.

The SAO’s analysis also looked at deficiencies in the city’s ability to catch errors and mistakes, which they call internal control.

“A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct, misstatements on a timely basis,” the report said. “During our audit, we did not identify any deficiencies in internal control that we consider to be material weaknesses.”

The complete report can be found at https://bit.ly/48PxW8S.