OIA Press Releases (2020 to Present)

Interior Supports Training for Island Government Finance Officers – Audits Improve, Reconciliation and Procurement Issues Remain

04/22/2021

The insular governments have achieved improvements to the quality of their audits, with the number of financial statement and federal compliance modifications (previously called ‘qualifications’) declining by half over the past ten years. However, basic financial statement reconciliations and procurement violations continue to be significant issues.

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