CNMI audit flags serious financial risk; programs and grants could be delayed, tightened, or cut
SAIPAN — At a press conference this morning in the Governor’s Conference Room, Secretary of Finance Tracy Norita outlined FY 2022 Single Audit results before a room filled with cabinet members. The Department of Finance says the audit puts the Commonwealth at serious financial risk, including possible repayment of federal funds and disruptions to programs if agencies or the U.S. Treasury move to collect. Procurement and grants could face delays, tighter rules, or even termination as federal partners review the findings.
