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At least eight trustees have resigned from Palm Springs Art Museum’s board since a January audit letter warned about finances.

An accounting firm submitted a “letter of material weakness,” a standard practice for alerting a client to the reasonable possibility that its internal financial statements are significantly out of whack.

Six areas of concern include problems with reporting of endowment spending, improper recording of the market value of donated and deaccessioned art, and faulty recording of admissions revenues.

Serious financial woes have plagued the Palm Springs Art Museum for at least six years, according to internal documents obtained by The Times. Recent developments

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