Auditor Resignation: Missing Capital Assets & Audit Weakness

In 2024, Richardson & Company, the external auditor for the El Dorado Hills Community Services District (CSD), faced intense public scrutiny. The firm ultimately resigned amid a controversy over missing capital assets from Serrano Lighting and Landscape Assessment District No. 17. Despite the resignation, the auditor had identified a material weakness in the agency’s process.   Here’s the auditor’s compliance communication to management:

Result: Formal Audit Finding

 

Supporting Documents

2025 – Governance Letter (Click here)