Title
Fiscal Year 2020-21 Audited Financial Statements and Independent Auditor's Reports on Internal Control over Financial Reporting
Overview
The Orange County Transportation Authority is required to obtain an independent auditor’s opinion on various financial statements and schedules. Crowe LLP, an independent accounting firm, has completed its annual audit of the Orange County Transportation Authority for fiscal year 2020-21. In addition, a report has been issued on the results of additional analysis performed by Crowe LLP, to assist management in determining compliance with certain state requirements.
In connection with the annual audit of the Orange County Transportation Authority, Crowe LLP, has issued an auditor’s report on internal controls over financial reporting with two findings included as significant deficiencies.
Recommendation(s)
A. Receive and file the fiscal year 2020-21 audited financial statements and independent auditor’s reports on internal control over financial reporting as information items.
B. Direct staff to implement auditor recommendations related to findings over internal controls.