The Addison Town Charter requires that staff prepare an Annual Comprehensive Financial Report (ACFR) that shows the status of the Town’s finances. The ACFR is required to be prepared in accordance with generally accepted accounting principles. The charter also requires that the Town’s financial statements be audited annually by an independent external auditing firm. The results of the independent external audit are included in the ACFR.
The Town of Addison Finance Department has prepared the ACFR for the fiscal year ended September 30, 2022. The ACFR is a report of the Town's overall financial results. The Town's financial statements have been audited by FORVIS, LLP, an independent firm of licensed certified public accountants. The goal of the independent audit is to provide reasonable assurance that the financial statements of the Town are free of material misstatement.
In addition to providing an overview of the Town of Addison ACFR for Fiscal Year 2022, FORVIS will present their audit report and opinion on the Town's financial statements.
FORVIS has issued an unmodified opinion, which means that financial statements are presented fairly, in all material respects, and in accordance with the applicable financial reporting framework. Simply stated, an unmodified opinion is a clean opinion.
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