Bernalillo County has received an “unqualified, clean audit”—in other words, superior marks for the contents of its Comprehensive Annual Financial Report for the 19th year in a row. The report, commonly referred to as the CAFR (Calf’ er), is a voluminous, federal and state-mandated report of the county’s revenue and expenditures and, among other things, includes management’s analysis on how the county is doing financially and an independent auditor’s report. The Bernalillo County Commission accepted its Accounting Department’s fiscal year ended June 30, 2011 CAFR at the commission meeting on December 13. The county’s CAFR has also received the prestigious Certificate of Achievement for Excellence in Financial Reporting from the Government Finance Officers Association for the past seven years and the county will apply for it again this year.
An unqualified, clean audit is a type of report issued by an auditor when the financial statements presented are free of material misstatements and are in accordance with generally accepted auditing principles. Additionally, it means that the organization’s financial condition, position, and operations are fairly presented in its financial statements. It is the best type of report an auditee may receive from an external auditor. Moss Adams LLP, a large, tax, accounting and consulting firm in the western U.S., conducted the CAFR audit.
“A ‘clean’ audit assures the public that Bernalillo County is being operated in a transparent and fiscally responsible manner,” says County Commission Chair Maggie Hart Stebbins.
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