The Oregon Secretary of State has granted the City of Portland an extension to January 31, 2026, to file a corrective Plan of Action for its 2024-25 Financial Report, after auditors uncovered “material weaknesses” in the original report.
The city received a clean bill of health for its financial report, but will have to file a corrective Plan of Action because of weaknesses in controls flagged by Portland City auditors. Baker Tilly.
Here is what a corrective Plan of Action must include and when it is due under Oregon audit rules:…