Company: CPSS
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001683168-25-001548
Chunk: 1801

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 8
Chunk 1801
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 B. Roberts, James E. Walker III,
Gregory S. Washer, and Daniel S. Wood, of whom Messrs. Rayhill, Grasso, Washer, and Wood compose the Audit Committee. The Board of Directors
has concluded that other than Mr. Bradley (who is the Company’s chief executive officer), each of the other eight directors is independent
in accordance with the director independence standards prescribed by Nasdaq, and has determined that none of them has a material relationship
with the Company that would impair his independence from management or otherwise compromise his ability to act as an independent director.

Item 14. Principal Accounting Fees and Services

Fees Paid to Auditors

The following table sets forth the fees accrued
or paid to the Company’s independent registered public accounting firms for the years ended December 31, 2024 and 2023. Crowe LLP
has served as the Company’s independent registered public accounting firm since February 2009, and has reported on the Company’s
financial statements for the years ended December 31, 2008 through 2024.

    Audit and Non-Audit Fees 
    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.

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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