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5032 - Valencia County (2005)
Date received*: 2005-11-15
Date released:
Audit ID: 5032
Agency number: 5032
Agency name: Valencia County
Total number of findings: 16 **
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 is not available for download.
*"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.