After a forensic audit put Fort Thomas’ accounting discrepancy at more than $847,000, up from the $322,000 previously identified, city officials say they have added new financial safeguards to prevent years of accounting errors from piling up again. The changes follow more than a year of scrutiny over the city’s financial records and questions about […]
Tag: Chamberlin Owen
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Fort Thomas writes off $322K after audit reveals years of accounting issues
Fort Thomas is writing off $322,000 as an “error of the past” following an audit that revealed major accounting issues. Conducted by Erlanger-based Chamberlin Owen, the audit was for the fiscal year ending June 2024. The audit started in January. During a special meeting of the Fort Thomas Finance Committee on Sept. 30, Certified Public […]
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Independence receives clean annual financial audit
The city of Independence’s annual financial audit has been deemed clean by the accounting firm Chamberlin Owen, with no modifications or deficiencies found, indicating the city is in good financial shape.
