Fort Thomas approves forensic audit to trace $322K discrepancy

Fort Thomas approved a forensic audit of the past three fiscal years in an effort to trace $322,000 it previously wrote off.

The Fort Thomas City Council on Tuesday approved hiring public accounting firm Dean Dorton for just under $35,000 to conduct a forensic audit.

The city sparked controversy last September when LINK nky reported that Fort Thomas had to write off $322,000 as an “error of the past” following an audit, which revealed major accounting issues. The financial review found that $322,000 was unaccounted for. The city said there was no reason to believe it had been misappropriated; it was attributed to bad accounting practices…

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