The Virgin Islands Casino Control Commission announces that it has received an unmodified (unqualified) financial audit report from Bert Smith & Co., nationally recognized independent auditors, for the fiscal year ended September 30, 2023. This achievement marks the third consecutive year the Commission has received an unmodified audit opinion, reflecting its continued commitment to fiscal discipline, transparency, and sound financial management.
An unmodified audit opinion represents the highest level of assurance regarding an organization’s financial statements and speaks to its integrity and accountability.
Chairman and Chief Executive Officer Marvin L. Pickering praised the Commission’s staff for this accomplishment, stating: “Receiving an unmodified audit report for three consecutive fiscal years is a testament to the dedication, professionalism, consistency and the exceptional efforts of all employed at the Commission. The Commission’s team, consisting of our Executive Staff and Casino Inspectors, has taken full responsibility for transforming a once-troubled agency into one that is restoring and sustaining public trust and confidence.”
For Fiscal Year 2023, the Commission’s audit identified a single finding related to the absence of a formal written policy for the review and approval of certain transactions. Auditors noted, however, that the Commission is actively addressing this matter and confirmed that no improper or unauthorized transactions were identified.
Chairman Pickering further noted that this achievement coincides with the conclusion of the Commission’s 30th Anniversary celebration, marking three decades since its establishment in November 1995.
“This unmodified audit report is a fitting milestone as we conclude our 30th anniversary year. It reinforces our rededication to casino regulatory excellence—honoring our legacy while shaping our future. The results demonstrate that the Virgin Islands Casino Control Commission is fulfilling its mandate and is fully capable of providing honest, effective, and accountable regulation of the casino industry in the U.S. Virgin Islands.”
The complete Fiscal Year 2023 audit report can be found on the Commission’s website at www.casinocontrolcommission.vi.
