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Taylor Declares Village of Smithfield “Unauditable”
Jefferson County - Auditor of State Mary Taylor today declared the village of Smithfield “unauditable” for calendar years 2008 and 2009. An unauditable designation means that records and documents necessary to conduct a routine financial audit are missing, incomplete or inaccurate.
“Village officials must maintain proper records of their financial activity in accordance with state law and established record-retention schedules,” Taylor said. “The failure to do so increases the potential of misspending or theft of public funds.”
In a letter sent to village officials on July 13, Taylor indicated that her office was unable to obtain the following financial information:
- Complete bank reconciliations for 2008 and 2009
- Annual financial reports for 2008 and 2009
The letter also stated that the Auditor of State reserves the right to pursue legal action if village officials fail to revise financial records and provide information necessary to complete the audit.
The village will remain unauditable until all financial documents are obtained and the final audit report is released publicly.
The Ohio Auditor of State’s office is a leader in the government accounting and auditing field, earning prestigious national honors from the Government Finance Officers Association, National White Collar Crime Center and National State Auditors Association.
Deputy Press Secretary