Executive Summary I. Scope of Services Audit of the June 30, 2025 financial statements Review of the Annual Comprehensive Financial Report Uniform Grant Guidance Audit for the year ended June 30, 2025 SSAE 18, Service Organization − SOC Reporting (SOC) 1, Type 2 report for Kapsch & TransCore
− SOC 2, Type 2 report - TransCore Year-round advice and consultation
II. Results Issued an unmodified opinion on the financial statements and an internal controls over financial reporting Two exceptions identified with the SOC reporting procedures; unmodified opinions issued Planning to issue an unmodified opinion on uniform grant guidance audit Discovered no instances of fraud and were not made aware of fraud occurrences Discovered no material weakness in internal controls Discovered no audit adjustments Received full cooperation from management
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