Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1630

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 9B
Chunk 1630
---
 2023  
    2024 
  
    Audit Fees (1) 
    $960,000  
    $1,000,000 
  
    Audit-Related Fees (2) 
     240,850  
     169,300 
  
    Tax Fees (3) 
     296,000  
     304,000 
  
    All Other Fees 
     –  
     – 
  
    TOTAL 
    $1,496,850  
    $1,473,300 

  (1)
  Audit fees relate to professional services rendered in connection with the audit of the Company’s annual financial statements and
internal control over financial reporting, quarterly review of financial statements included in the Company’s Quarterly Reports
on Form 10-Q, and audit services provided in connection with other statutory and regulatory filings.

  (2)
  Audit-related fees comprise fees for professional services that are reasonably related to the performance of the audit or review of the
Company’s financial statements.

  (3)
  The 2023 and 2024 tax fees represent services rendered in connection with preparation of state and federal tax returns for the Company
and its subsidiaries.

 68 

Audit Committee Supervision of Principal Accountant

The Audit Committee acts pursuant to a written
charter adopted by the Board of Directors. Pursuant to the charter, the Audit Committee pre-approves the audit and permitted non-audit
fees to be paid to the independent auditor, and authorizes on behalf of the Company the payment of such fees, or refuses such authorization.
The Audit Committee is also empowered to delegate such authority to one or more of its members. The Audit Committee has delegated to its
chairman the authority to approve performance of services on an interim basis. In the fiscal years ended December 31, 2024 and December
31, 2023, all services for which audit fees or audit related fees were paid were preapproved by the Audit Committee as a whole, or pursuant
to such delegated authority.

In the course of its meetings, the Audit Committee
has considered whether the provision of the non-audit fees outlined above is compatible with maintaining the independence of the audit
firm, and has concluded that such independence is not and was not impaired.

 69 

PART IV

Item
15. Exhibits, Financial Statement Schedules

The financial statements listed below under the
caption "Index to Financial Statements"
are filed as a part of this report.