One of the significant audit matters discussed was accounting estimates, which are made by management about financial statement items such as receivables or payables and capital assets. Source: TriCounty Sentry
Tuesday, February 28, 2023
Oxnard finances get top marks
The Finance & Governance Committee in Oxnard received its 2021-2022 Annual Comprehensive Financial Report, which was delivered by external financial auditors, Eadie & Payne.
Eden Casareno from the auditing company said that Oxnard has received a clean opinion, which is the highest level of praise that can be given. A clean opinion means that the financial statements presented in the report are in accordance with generally accepted accounting principles.
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