Portable Sanitation Association International

Nov 6 PDF

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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

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