Auditor of State Dave Yost has announced that the Morrow County Metropolitan Housing Authority has received the ‘Auditor of State Award’ for its clean audit report.
The ‘Auditor of State Award’ is presented to local governments and school districts upon the completion of a financial audit. Entities that receive the award meet the following criteria of a “clean” audit report:
The entity must file timely financial reports with the Auditor of State’s office in accordance with GAAP (Generally Accepted Accounting Principles);
The audit report does not contain any findings for recovery, material citations, material weaknesses, significant deficiencies, single audit findings or questioned costs.
The entity’s management letter contains no comments related to:
Ethics referrals
Questioned costs less than $10,000
Lack of timely report submission
Reconciliation
Failure to obtain a timely single audit
Findings for recovery less than $100
Public meetings or public records
No other financial or other concerns exist that involve eligible entity.