Fort Thomas council to consider $35,000 forensic audit after $320,000 write-off review Council discussed hiring Dean Dorton to perform a forensic review of recent financial issues related to the '1 Highland' project and other controls; staff requested a $35,000 budget amendment to fund a three-year lookback and internal-control testing.

Fort Thomas is set to embark on a $35,000 forensic audit after uncovering a staggering $320,000 write-off—what will the investigation reveal?

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Fort Thomas auditors give unmodified opinion; council weighs costly forensic review of prior accounting Auditor John Jengrelin reported an unmodified opinion on the city’s fiscal 2024 financial statements and highlighted planned and unplanned adjustments. Council debated commissioning a forensic audit to probe past bookkeeping irregularities after the audit identified prior‑period adjustments.

Fort Thomas received a glowing audit report, yet the city council is now torn over whether to invest in a costly forensic review to address past bookkeeping discrepancies.

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Fort Thomas finance committee: $322,498 audit adjustment reflects posting errors, auditors say no evidence of fraud Auditors told the Finance Committee the $322,498 "unaccounted for" item in the FY2023-24 audit is an accounting description for prior-period adjustments caused by missed postings, not missing cash. Auditors recommended monthly reconciliations and documentation; staff said monthly bank reconciliations are now in place and procedures are being formal

A recent audit revealed a $322,498 adjustment in Fort Thomas due to accounting errors, but auditors assure there's no evidence of fraud—just a need for better bookkeeping practices.

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