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A/B/C Campus Scope Presented by: Kathy Lai, KPMG LLP AUDIT

A/B/C Campus Scope Presented by: Kathy Lai, KPMG LLP AUDIT. A/B/C Campus Scope. Assembly Bill No. 2613 (AB 2613) Effective beginning fiscal year 1996-97. Requirements Financial statement of the CSU system as a whole, as well as at least 10 campuses individually each year.

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A/B/C Campus Scope Presented by: Kathy Lai, KPMG LLP AUDIT

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  1. A/B/C Campus ScopePresented by: Kathy Lai, KPMG LLPAUDIT

  2. A/B/C Campus Scope Assembly Bill No. 2613 (AB 2613) • Effective beginning fiscal year 1996-97. • Requirements • Financial statement of the CSU system as a whole, as well as at least 10 campuses individually each year. • Each campus must being subjected to a stand-alone financial statement audit at least once every two years. Year-End GAAP Training

  3. A/B/C Campus Scope (continue) Financial Statement Audit (FSA) • Three Tiered Approach (A, B, or C) • Effective FY 2008-09 • A Campus – Full Scope FSA on campus with Stand Alone Reporting • B Campus – Limited Scope FSA on campus with “no” stand alone report issued • C Campus – Limited Scope FSA centrally audited at the Chancellor’s Office with “no” stand alone report issued Year-End GAAP Training

  4. A Campuses Bakersfield Channel Islands Chico Humboldt Long Beach Maritime Academy Monterey Bay Pomona Sacramento San Bernardino San Diego Stanislaus Year-End GAAP Training

  5. A Campuses (continue) • Select Audit Procedures of FY 2009 balances • AB 2613: One year presentation stand alone report required in FY 2010 • FY 2009 scope designation: B or C Campus • Will audit select accounts to opine on the Net Assets as of June 30, 2009 • Select accounts will include at a minimum: capital assets, accounts payable, accrued salaries and benefits payable, accrued compensated absences and capitalized lease obligations (if applicable and deemed significant by your campus Manager and Partner) • All PBCs prepared during FY 2009 will be given to FY 2010 KPMG audit team to facilitate the audit of select FY 2009 accounts Year-End GAAP Training

  6. A campuses (continue) • Fieldwork • Interim: Most campuses scheduled May or June 2010 • Final Fieldwork: September 7, 2010 Year-End GAAP Training

  7. B Campuses B Campuses Chancellor’s Office Fresno San Francisco San Luis Obispo Fieldwork Dates Interim – N/A Final – 9/20/2010 (Audited by KPMG teams on campus) Year-End GAAP Training

  8. C Campuses C Campuses Dominguez Hills East Bay Fullerton Los Angeles Northridge San Jose San Marcos Sonoma Fieldwork Dates Interim – N/A Final – 9/7/2010 (Audited centrally by KPMG at the Chancellor’s Office) Year-End GAAP Training

  9. A/B/C Campus Scope Questions? Year-End GAAP Training

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