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Independent audit finds repeat year-end control deficiency; council approves follow-up consulting and extra audit work
Summary
Auditors issued an unmodified opinion for FY2025 but flagged a repeated significant deficiency in the year-end close process (more than 50 post-close adjustments) and recommended additional advisory and expanded audit scope; council received the reports and authorized limited contracts for assistance and expanded testing.
Culver City’s independent auditors presented the FY2024–25 financial audit at the April 13 council meeting, delivering an unmodified opinion on the financial statements while identifying a significant deficiency in the city's year‑end close and reporting procedures.
Ryan Domino of LSL LLP told council the numbers in the financial statements are materially correct, but the year-end closing process produced more than 50…
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