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RFP No. 22-02-01 <br /> <br /> <br /> <br /> 36 <br />www.KMCcpa.com 954.771.0896 support@KMCcpa.com <br />6550 N. Federal Highway <br />4th Floor <br />Fort Lauderdale, FL 33308 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Segment 2 <br />Comprehensive Testing <br />& Analysis <br />Payroll and Related Liabilities <br /> <br />Compare payroll to prior-year actual, current budget, or other expectations <br />deemed necessary. Analyze accounts with significant variations. <br /> <br />Perform payroll reasonableness procedures to validate account balances. <br /> <br />Verify that payroll disbursements are made only for authorized work <br />performed by authorized personnel. <br /> <br />Verify payroll is calculated using rates in accordance with contracts, laws and <br />regulations. <br /> <br />Ascertain that accrued payroll, compensated absences and other payroll <br />liabilities are recorded in the proper period. <br /> <br />Determine that payroll expenses and liabilities are properly presented and <br />disclosed in the financial statements. <br /> <br />Property, Plant and Equipment <br /> <br />Obtain schedules of property and equipment, including additions, retirements, <br />and accumulated depreciation. <br /> <br />Verify that schedules represent a valid and complete listing of all assets. <br /> <br />Obtain capitalization policy and verify that assets are recorded in accordance <br />with policy. <br /> <br />Determine that additions and deletions have been properly approved in <br />accordance with the policies and procedures of the City. <br /> <br />Recalculate depreciation and verify consistency throughout. <br /> <br />Determine that capitalizable costs are excluded from repairs and maintenance <br />type accounts. <br /> <br />Determine that capital assets are properly secured. <br /> <br />Determine that capital assets and related expenditures are properly presented <br />and disclosed in the financial statements. <br /> <br />Inventory <br /> <br />Inventory observations will be performed on September 30th for significant <br />inventory balances. <br /> <br />Verify that inventory listings are valid and complete. <br /> <br />Determine that inventory is properly secured.