GVB reports 2016 audit

  TAMUNING, Guam — The Guam Visitors Authority released its fiscal 2016 financial reports on March 9. GVB closed the year with a $2 million increase in net position compared to the $2.5 million increase from the prior year. This brings the cumulative net position of GVB to approximately $17.8 million.

  Independent auditors Deloitte & Touche LLP rendered an unmodified, or clean, opinion on GVB’s financial audit. Fiscal 2016 marks GVB’s seventh consecutive year that the auditors have not identified any material weaknesses and/or significant deficiencies in its report on internal control over financial reporting . . .

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