HomeMy WebLinkAbout3A - PresentationCity of Palm Springs
AU -C 260 Communication With
Those Charged With Governance
For the Year Ended June 30, 2024
February 27, 2025
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CONTENTS
•Scope of Work
•Required Communications (AU-C 260)
•Audit Results
02/27/2025
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SCOPE OF WORK
02/27/2025
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SCOPE OF WORK
•City’s Financial Statement Audit
•Public Financing Authority Financial Statement Audit
•Passenger Facility Charge Program Compliance Audit
•Housing Successor Compliance Audit
•Single Audit
•Measure J Compliance Audit
•Agreed-Upon Procedures on Measure D
•Agreed-upon Procedures on Appropriation Limit Schedules
02/27/2025
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Required Communications (AU-C 260)
02/27/2025
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Required Communications (AU-C 260)
02/27/2025
•Responsibilities
•Ethics and Independence
•Significant Accounting Policies
•Significant Estimates
•Sensitive Disclosures
•Misstatements
•Consultation with Other Accountants
•Significant Difficulties
•Disagreement with Management
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AUDIT RESULTS
02/27/2025
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Audit Results
02/27/2025
•Financial Statements
•Unmodified opinion
•Financial Statements are fairly presented in all material respects
•Significant accounting policies have been consistently applied
•Estimates are reasonable
•Disclosures are properly reflected in the financial statements
•Compliance Audits
•Unmodified opinions
•Complied with compliance requirements in all material respects
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