Disclaimer: This presentation is intended to be viewed in conjunction with the complete packet of exit materials provided. A copy of those
materials may be requested by contacting the presenters listed or by emailing PublicRecords@sao.wa.gov.
Exit Conference
Port of Seattle
Joe Simmons
Program Manager
Maddie Frost-Shaffer
Audit Supervisor
Kieu Nguyen
Audit Lead
March 28, 2024
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SAO Executive Management
Kelly Collins, CPA, Director of Local Audit
(564) 999-0807 | Kelly.Collins@sao.wa.gov
Wendy Choy, Assistant Director of Local Audit
(425) 502-7067 | Wendy.Choy@sao.wa.gov
Pat McCarthy
State Auditor
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Results that Matter
Increased trust in government
Independent, transparent
examinations
Improved efficiency and
effectiveness of government
Pat McCarthy
State Auditor
Accountability Audit Results
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Results in Brief
This report describes the overall results and conclusions
for the areas we examined.
January 1, 2022 through December 31, 2022
In those selected areas, Port operations complied, in all
material respects, with applicable state laws, regulations,
and its own policies, and provided adequate controls over
the safeguarding of public resources.
In keeping with general auditing practices, we do not
examine every transaction, activity, policy, internal control,
or area. As a result, no information is provided on the
areas that were not examined.
Accountability Audit Results
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Using a risk-based audit approach, for the Port, we
examined the following areas during the period:
• Accounts payable - electronic funds transfers, electronic wire
transfers
• Tracking and monitoring of theft sensitive assets, such as
computers, tools, and equipment
• Procurement – competitive exceptions
• Self-insurance with health and welfare, unemployment, workers
compensation and paid family and medical leave
• Open public meetings – compliance with minutes, meetings and
executive session requirements
• Financial condition – reviewing for indications of financial distress
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• A financial statement and federal grant audit was performed by Moss
Adams of the Port.
• We did not find anything about their work that caused concern about
its quality.
• No limitations restricted our analysis of the other audits.
• Did not notice any instance in which a material misstatement of the
financial statements has or may have resulted from fraud or suspected
fraud.
Work of Other Auditors
Closing Remarks
• Audit costs are in alignment with our original estimate
• Next audit: Fall 2024
• Accountability for public resources
• Review of CPA work papers
An estimated cost for the next audit has been provided
in our exit packet
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Report Publication
 Audit reports are published on our
website.
 Sign up to be notified by email when
audit reports are posted to our website:
https://sao.wa.gov/about- sao/sign-up-
for-news-alerts/
Audit Survey
When your report is released, you will
receive an audit survey from us.
We value your opinions on our
audit services and hope you
provide feedback.
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Thank You!
• We would like to thank Andrew Cartica, Lisa Lam, and Glenn Fernandes for
participating in weekly status update meetings. It allowed for increased
communication and kept the audit running smoothly.
• Sandra Spellmeyer, Greg Key, and Sanders Mayo for walking us through various
self-insurance areas and programs.
• Sofia Mayo during our review of Procurement.
• Diane Campbell and Tonya Shum while reviewing electronic wire transfer.
• Eloise Olivar while following up on electronic fund transfers (EFT’s).
• Carmen Strand and Tanaya Covey’s detailed explanation of the Port’s controls
to safeguard small & attractive assets. Our on-site audit in November felt
smooth and accommodating thanks to them.
