Financial Statement Audit Scope and Standards
Summary
Independent auditors reviewed Tustin's financial statements for the fiscal year ending June 30, 2025, awarding the city an unmodified opinion—the highest possible evaluation. The review included testing on federal grants, loans receivable, and new accounting standards for employee leave.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jul 23, 2026.
Impact analysis
Ensures city financial transparency and maintains strong creditworthiness for municipal operations.
Tustin residents and taxpayers benefit from verified financial transparency and sound fiscal management.
Mentions & discussions (2)
Audit Commission (Regular) - Jul 23, 2026
Davis Farr LLP outlined the scope for the upcoming annual financial audit, highlighting new reporting models like GASB 103 and federal grant compliance. The review ensures proper financial accountability and transparency for city funds.
Audit Commission (Regular) - Jan 22, 2026
Independent auditors reviewed Tustin's financial statements for the fiscal year ending June 30, 2025, awarding the city an unmodified opinion—the highest possible evaluation. The review included testing on federal grants, loans receivable, and new accounting standards for employee leave.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Tustin
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.