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AG 2017 03 20
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AG 2017 03 20
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Last modified
3/22/2017 9:00:14 AM
Creation date
11/27/2017 10:27:45 AM
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Template:
Meeting Minutes
Doc Type
Agenda
Meeting Minutes - Date
3/20/2017
Board
Board of Commissioners
Meeting Type
Regular
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Report Preparation <br /> We understand that the County's staff will prepare the complete Comprehensive Annual Financial Report to <br /> include the basic financial statements, note disclosures, MD&A and all other supplemental information. As <br /> part of our standard quality control process,we will agree financial information presented to related audited <br /> trial balances, proof,foot/cross foot,and cross reference all amounts in the financial statements while <br /> completing a financial statement presentation and note disclosure checklist. <br /> Workpaper and Report Review <br /> Our firm's quality control process requires that all workpapers be reviewed by an individual at least one staff <br /> level higher than the individual that prepared the workpaper.All areas of significant risk will be reviewed in the <br /> field by the shareholder assigned to the engagement. Additionally, the financial statements will be reviewed <br /> by a second designated audit shareholder for technical matters and adherence to firm and professional <br /> standards prior to issuance of our report.We will advise you of any changes we recommend for your financial <br /> statements to be in conformity with accounting principles generally accepted in the United States of America. <br /> We will review our draft opinions,compliance reports,management letter and single audit compliance findings, <br /> if any,with the Finance Director prior to these items being finalized. <br /> Transition Issues <br /> A concern anytime there is a change in auditors is the impact of transition. We understand this concern and <br /> we make every effort to soften the impact. Upon being selected as auditor,we will arrange for review of prior <br /> auditor workpapers. This will assist us in gaining a deeper knowledge of your operations. We will then meet <br /> with appropriate management and staff to discuss issues,concerns,our approach and planned timing. <br /> The team we assign to the audits will have extensive experience auditing local governments, thereby <br /> minimizing their learning curve and the additional time commitment by your staff during the transition year. <br /> ellio- t dais <br /> decosimo 11 <br /> Attachment number 1 \n <br /> F-4 Page 75 <br />
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