Gary airport improved financial processes after state audit

The Indiana State Board of Accounts reviewed and released the Gary Chicago International Airport Authority’s audit for 2022. The organization released the audit on Dec. 18 and called special attention to misstatements in the airport authority’s financial statements. It was recommended that the airport establish a secondary review process for its financial reporting. The Forvis Mazars Group, an international auditing and accounting firm, completed the Gary/Chicago International Airport Authority’s 2022 audit and found that its cash flow for the year was in accordance with U.S. principles. The audit found that the airport’s receivables and revenue were impacted by about $5.5 […]