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7032 - Floyd Municipal Schools (2008)
Date received*: 2011-02-22
Date released:
Audit ID: 7032
Agency number: 7032
Agency name: Floyd Municipal Schools
Total number of findings: 15 **
Financial Statement Opinion:
Adverse
Adverse - (Undesirable) opinion indicates serious problems with the audit, and can be very damaging in its effect on the entity's reputation and financial position. Obviously, the auditor is unable to say that the financial statements are a true reflection of the entity's operations. This usually means the entity is not following required GAAP when operating and may have an undesirable (or lack thereof) accounting policies and procedures.
Report file: View/Download PDF Version [2.4 MB]
*"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.