The Ohio Auditor of State’s office, led by Auditor Keith Faber, is set to release the latest biweekly financial audit results on November 18, 2023. This report will cover a variety of public entities, including townships, housing authorities, and educational institutions, aimed at ensuring transparency and accountability in public finances across the state.
The audits will encompass a range of periods, from January 1, 2022, to June 30, 2025. Faber’s office confirmed these findings on November 13, 2023, revealing a comprehensive approach to financial scrutiny. The audits include standard Financial Audits and examinations by Independent Public Accountants (IPA), while some entities will undergo Agreed Upon Procedures that focus on specific financial areas.
While many public entities have successfully navigated these audits without significant issues, some have been flagged for potential irregularities. Notable among them are Dover Township in Athens County and the Cuyahoga County Convention Facilities Development Corporation, which received findings for recovery (FFR), indicating concerns in the management of public funds.
Educational institutions are also under review. IDEA Greater Cincinnati is being audited for its census data related to the School Employees Retirement System (SERS) and the State Teachers Retirement System (STRS). These examinations are essential to ensuring the financial integrity of educational frameworks and safeguarding the retirement futures of educators.
Faber’s office emphasizes the importance of these audits in promoting fiscal responsibility and preventing the misuse of taxpayer dollars. The audits serve as a crucial tool for identifying areas for improvement in financial stewardship, ensuring that funds allocated for public benefit are used appropriately.
Residents of Ohio interested in the management of their tax dollars can access the full audit report on the Auditor of State’s official website starting on November 18. The findings will not only shed light on any shortcomings identified but also guide future efforts to enhance accountability and operational efficiency across the state’s diverse public entities.
As the Ohio Auditor’s office continues its commitment to maintaining public trust through diligent financial oversight, these audits represent an ongoing effort to uphold the standards of governance and transparency that are vital for effective civic management in the Buckeye State.
