W EEKLY EDITION NOVEMBER 6, 2019
It' s A ud it Ti me
By Karleen Kos, PSAI Executive Director
Q: What have prior audits shown?
A: Our most recent audits have been "clean opinions" – indicating the auditor found there were no
material differences in what has been reported by management and what they saw when conducting
the audit. The language used by the
auditor in the official report has stated:
"In our opinion, the [PSAI's] financial
statements … present fairly, in all
material respects, the financial position
o f the Portable Sanitation Association
International as of June 30, 2018 …
and the changes in its net assets and
its cash flows for the years then ended,
in accordance with accounting
principles generally accepted in the
United
States of America."
Q: What do you expect this year's
audit to show?
A: We are confident we'll receive a
clean opinion this year as well. The
audit period – July 1, 2018 through
June 30, 2019 – was financially positive
for the PSAI, and we think the year - to -
year comparison will show t hat the
organization continues to operate in a
financially responsible and stable
manner.
Q: Where can I get more information or ask more questions?
A: Contact Board treasurer Wendy Cross, Arnold's Environmental
(wendy@arnoldsenvironmental.com) or Executi ve Director Karleen Kos ( karleenk@psai.org ).
- KK
P AGE 21