2024 Financial Audit
Presented by:
S. Berrett Warnick, CPA, Senior Manager
August 12, 2025
Scope of Engagement
• LSL was engaged by the City of Rialto to perform a financial statement audit for the year ended June 30, 2024, in accordance with generally accepted auditing standards and Government Auditing Standards. • Interim Fieldwork
• Examined internal controls
• Provided feedback to
management
• Performed our audit risk
assessment
• Planned year-end audit
procedures to respond to risk
• Year-End Fieldwork
• Detailed testing of account
balances and transactions
• Compliance testing with laws,
regulations, grant agreements,
contracts
• Other procedures necessary to
obtain sufficient, appropriate
audit evidence
Scope of Engagement
Results of Audit
• Unmodified Auditors’ Opinion
• Unmodified
• Financial statements are accurate and reliable as of June 30, 2024. • Report on Internal Control and Compliance
• Refer to the report for details of the following deficiencies and recommendations:
• Timing
• Bank Data
• Edward Byrne Grant
Results of Audit
• We had no disagreements with management about application of accounting principles.
• We determined that all estimates used by management in preparing the financial statements were reasonable.
• No fraud, waste or abuse noted.
Questions
www.lslcpas.com
[email protected]
CALIFORNIA: Irvine | Sacramento
TEXAS: The Woodlands