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• • • • Kee• I • ® CPA's + Trusted Advisors McCullough • • d. Describe how the qualification of the audit team over the term of the contract will be assured. • Engagement partners, managers, other supervisory staff may be changed if those personnel leave the • firm, are promoted, or are assigned to another office. Those personnel may also be changed for other reasons with the permission of the City. However, in any case, the City retains the right to approve or • reject replacements. • We have experienced very low turnover of our professional accounting staff members and our firm • philosophy emphasizes direct partner involvement in each engagement including various phases of the audit fieldwork and review processes. We believe this partner involvement positively impacts • engagement staff continuity. We understand that the City retains the right to approve or reject • replacements for the engagement partners, managers and other supervisory staff mentioned in this request for proposal. 0 ® e. The audit team members must be reviewed with and approved by the City prior to the beginning of each audit. No change shall be made in the composition of the audit team without consent by the • City. • We understand that the audit team members must be reviewed with and approved by the City prior to • the beginning of each audit. We agree that no change shall be made in the composition of the audit team without consent by the City. • Audit Approach: • a. The proposal should set forth a work plan, including an explanation of the audit methodology to be • followed to perform the services in this request for proposals. • b. Provide the following information on the audit approach: • • Proposed segementation of the engagement. • • Level of staff to be assigned and estimated hours to each proposed segment of the engagement. • Type and extent of analytical procedures to be used in the engagement. • • The approach to be taken to gain and document an understanding of the City's internal control • structure. • We have provided below a preliminary engagement work plan to perform the financial and compliance • audits which involve the government-wide financial statements, the various funds, and the capital assets and long-term debt of the City. • • In performing the financial and compliance audits for the City we will follow very detailed and comprehensive audit programs. Further, it is our policy to utilize the talents of our client's personnel • wherever and whenever it is feasible to do so in the course of any engagement in order to most ® efficiently and economically perform the engagement. • The following pages show our summary of the audit work plan: • • • • • •® GIED59,fftsitsairegi S QL1l 'y' supporvThR t('cpa.com 0 eww.18b1Ccpacom g 771 0896 Oka Lauderdale,til,, •