Audit committee hears plan-of-correction; Nathan Reed says FY24 is closed and remedies will reduce prior misstatements Finance staff told the Jackson City Audit Committee that FY24 closing adjustments are complete, software misconfigurations caused large-period postings that will be corrected, receivable and liability adjustments are underway and staffing/succession risks remain; the committee approved posting an internal-auditor job description.

Jackson City's audit committee has closed FY24 books and is rolling out corrective measures to fix major financial misstatements, but will they be enough to ensure future stability?

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