Exit Conference
Port of Seattle
Joe Simmons
Program Manager
Sophia Sullam
Audit Supervisor
Sonia Khokhar
Audit Lead
December 4, 2025
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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, 2024 through December 31, 2024
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.
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Accountability Audit Results
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Using a risk-based audit approach, for the Port, we
examined the following areas during the period:
• Self-Insurance – health and welfare, unemployment,
workers compensation and paid family and medical
leave
• Accounts payable – general disbursements, credit
cards, travel expenditures
• Payroll – compliance with pay equity policy for non-
represented employees
• Open public meetings – compliance with minutes,
meetings and executive session requirements
• Financial condition – reviewing for indications of
financial distress
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Related Audit Work
• January 1, 2022 though December 31,
2024
• Procedures performed: Evaluated that
there is reasonable assurance the IDC
adhered to applicable state laws,
regulations and own policy/procedures.
Assessment
Audit on the
Port of Seattle
Industrial
Development
Corporation
• January 1, 2024 through December 31,
2024
• Audit Type: Financial and Federal
Review of
Independent
CPA firm Audit
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• A financial statement and federal grant audit was performed
by Baker Tilly (formerly 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 2026
• 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-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 appreciate the Port’s commitment to the safeguarding of public funds and
developing control systems that ensure compliance with laws and regulations.
• The Port responded promptly to our requests and provided all documents
necessary to complete the audit in a timely manner.
• We would like to thank Lisa Lam, Diana Benson, Andrew Cartica, and Glenn
Fernandes for participating in weekly status update meetings. It allowed for
increased communication and kept the audit running smoothly.
• We would also like to thank the following Port staff: Danny Blancaflor and
Sherry Weiss for their help with travel cards and purchase cards; Sherie
Chipperfield and Robert Duncan for their help with self-insurance areas; and
Rachel Petrich for her help on the IDC assessment audit. Everyone was flexible
when scheduling meetings and general inquiries and made a great effort to
keep requests moving.
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