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6010 - City of Bayard (2010)
Date received*: 2010-12-01
Date released:
Audit ID: 6010
Agency number: 6010
Agency name: City of Bayard
Total number of findings: 9 **
Financial Statement Opinion:
Qualified
Qualified - (2nd to best opinion given, not completely negative) This type of opinion means that the auditor was able to audit a portion the financial statements without problem. However, there was an area or multiple areas of the financial statements that the auditor was not able to gain comfort with. You will find "except for" language in the opinion letter which indicates that "except for" capital assets (for instance), the financial statements are a true reflection of the entity's operations. One of the most common reasons we see qualified opinions on state entities is due to the fact that the entity has not recorded capital assets since inception.
Report file: View/Download PDF Version [512 KB]
*"Date received" does not necessarily indicate the date the report was accepted in accordance with the OSA report review process and whether a late audit finding is required in the audit report.
**Total number of findings may vary from the number listed in the audit report due to the same finding being reported under multiple sections.