AUDIT SUMMARY

 

Our audit of the Cannabis Control Authority (Authority) for the fiscal year ended June 30, 2023, found:

 

·       proper recording and reporting of all transactions, in all material respects, in the Commonwealth’s accounting and financial reporting system;

 

·       matters involving internal control and its operation necessary to bring to management’s attention; and

 

·       an instance of noncompliance with applicable laws and regulations or other matters that is required to be reported.

 

In the section titled “Audit Findings and Recommendations,” we have included our assessment of the conditions and causes resulting in the internal control and compliance findings identified through our audit as well as recommendations for addressing those findings.  Our assessment does not remove management’s responsibility to perform a thorough assessment of the conditions and causes of the findings and develop and appropriately implement adequate corrective actions to resolve the findings.  Those corrective actions may include additional items beyond our recommendations.