A/B/C Campus Scope

Presented by:

Kathy Lai, KPMG LLP

AUDIT

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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.

May 2010 Year-End GAAP Training

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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

May 2010 Year-End GAAP Training3

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A Campuses

Bakersfield

Channel Islands

Chico

Humboldt

Long Beach

Maritime Academy

Monterey Bay

Pomona

Sacramento

San Bernardino

San Diego

Stanislaus

May 2010 Year-End GAAP Training4

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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

May 2010 Year-End GAAP Training

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A campuses (continue)

Fieldwork– Interim: Most campuses scheduled May or June 2010

– Final Fieldwork: September 7, 2010

May 2010 Year-End GAAP Training6

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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)

May 2010 Year-End GAAP Training7

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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)

May 2010 Year-End GAAP Training8

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A/B/C Campus Scope

Questions?

May 2010 Year-End GAAP Training9