Guam education department receives clean audit with federal cost issues

financial documents desk Photo: rawpixel / Pixabay

The Guam Department of Education received unmodified opinions on its fiscal 2025 financial statements from Ernst & Young LLP. Despite the clean opinion, auditors identified $9.3 million in questioned federal costs and multiple internal control weaknesses. The department remains a high-risk grantee designated by the U.S. Department of Education for 23 years. The audit also noted reporting delays and overstated liabilities for financed school purchases.

Read the full story at guampdn.com.

Photo: rawpixel / Pixabay