Read this before reading any Arkansas audit: county and city reports carry a technical 'adverse opinion' on GAAP grounds because Arkansas law has them keep books on a simpler 'regulatory basis.' That phrase appears in every such audit in the state and signals the accounting format — not wrongdoing. A report is 'clean' or not in its findings, deficiencies, and noncompliance sections, which is what this page quotes.
“The result of our tests disclosed instances of noncompliance or other matters that are required to be reported under Government Auditing Standards and which are described in the Report on Internal Control over Financial Reporting section as item 2023-1.”
On internal control, the auditors wrote: “We identified certain deficiencies in internal control, described below as item 2023-1, that we consider to be a material weakness.”
Source: Searcy County — Regulatory Basis Financial Statements and Other Reports, year ended December 31, 2023 (Arkansas Legislative Audit), page 7.
“The following items were noted in an analysis of the District Court Bond and Fine bank accounts, in noncompliance with Ark. Code Ann. § 16-10-209: • Bank reconciliations were not properly prepared. • Cash receipts and disbursements journals were not properly prepared.”
The auditors also reported these matters to county officials in a separate letter. The letter continues in the report on page 8; parts that concern staff positions are left to the report, since this site doesn’t single out non-elected staff.
Source: Searcy County — Regulatory Basis Financial Statements and Other Reports, year ended December 31, 2023 (Arkansas Legislative Audit), page 8.
· From the 2023 report, dated October 30, 2025. Read by machine from the report’s text; the quotes are the auditors’ words. Older reports, and the separate federal (single) audits, aren’t on this page yet.
· Arkansas alternates between full audits and limited “financial and compliance” reviews; each line says which this is.