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Audit Plan <br /> Planning and Interim Procedures <br /> Upon receiving notification that Elliott Davis Decosimo has been selected to perform the audit, we will meet <br /> with the appropriate personnel and coordinate an overall plan for the timing of our procedures. Our planning <br /> procedures will include obtaining an understanding of your internal control structure sufficient to plan our <br /> audit. This phase will consist of: systems documentation and assessment of risks,development of the overall <br /> audit plan and audit programs, and schedule coordination. Based on discussions and decisions from the <br /> planning meeting,we anticipate performing interim audit procedures.Such procedures will be primarily related <br /> to control testing and other mutually agreed upon audit areas based on availability of your information and <br /> your personnel.A review of the Commissioners' meeting minutes will be performed in order to document any <br /> significant decisions made. Interim procedures will be directed at significant account balances and certain <br /> classes of transactions. During these procedures, relationships between account balances and transaction <br /> classes will be considered and analyzed using IDEA Data Analysis Software.During the interim procedures phase <br /> of the audit we will also ascertain federal and state major programs for compliance testing purposes and <br /> perform compliance testing procedures as appropriate. <br /> Computer Audit Specialists <br /> We will utilize an IT auditor in the planning and interim segments of the engagements to document and test <br /> the transaction cycle processing and internal control systems and to identify opportunities for data extraction <br /> to increase efficiencies. Our IT auditors have extensive experience in auditing automated functions and they <br /> specialize in database security and user access controls. <br /> Year-End Procedures <br /> Our year-end procedures will be substantive in nature and will consist of auditing analyses of year-end balances <br /> provided by your staff,supplemented by analytical review procedures based on our control and/or transaction <br /> testing done during our interim procedures. Tests of account balances, including confirmation of certain <br /> account balances, will be performed. Remaining compliance testing required for federal and state purposes <br /> will be performed during this time as well. <br /> Analytical Procedures and Sample Selection <br /> We will utilize analytical procedures during our interim and year-end procedures to identify areas to target <br /> substantive audit testing based on our professional judgment. In performing our tests,we use the most current <br /> audit techniques and technologies available, including statistical and non-statistical sampling models.We will <br /> utilize IDEA data analysis software to assist with computer assisted auditing techniques (CAAT) and statistical <br /> sampling. Our sample sizes will be based on the risk assessment procedures developed in the planning phase <br /> of the audit and the sampling method employed;we strive to use statistical sampling wherever possible as this <br /> tends to result in the most efficient sample sizes in many circumstances. <br /> ellio- t dais <br /> decosimo 10 <br /> Attachment number 1 \n <br /> F-4 Page 74 <br />