Laserfiche WebLink
0 <br /> 0 <br /> ® Keefe_ <br /> • <br /> ® ® CPA's + Trusted Advisors McCullough <br /> 0 <br /> ® SPECIFIC AUDIT APPROACH <br /> 0 <br /> 0 <br /> m at <br /> -g -ntn C4 Segment g) <br /> • Preliminary Work & Final Work Reports <br /> 0 Risk Assessment <br /> 0 <br /> 0 <br /> 0 The first segment will be performed by two professional staff members and <br /> will encompass approximately 50 hours. <br /> 0 <br /> 0 Obtain an understanding of the accounting and management systems <br /> including documentation of the system of internal control through <br /> 0 conferences with the various key finance department personnel and <br /> ® standardized checklists. <br /> O Obtain information needed to identify risk assessment by making certain <br /> inquiries and considering fraud risk factors and other information. <br /> 0 Segment 1 <br /> 0 Obtain an understanding of the various funds, capital assets and long-term <br /> O Preliminary Work & debt utilized. <br /> Risk Assessment Review the grants, contracts and various revenue sources and complete <br /> O "Single Audit" checklist for determination of compliance audit and reporting <br /> O requirements for both Federal and State single audit purposes. <br /> O Review of bond indenture covenants and pertinent ordinances for <br /> ® determination and completion of compliance audit requirements. <br /> O Assess control risk and determine extent of testing. <br /> ® Review and perform certain transaction and procedural tests which will <br /> include the examination of source documents. These tests of the system will <br /> • include tests of cash receipts and disbursements, sales and utility billing, <br /> compliance, and payroll. Audit samples will be determined based on <br /> 0 transaction size and number of total transactions. <br /> 0 <br /> 0 _ _ <br /> r � GiggD69,Gtitg Way <br /> ( 17 4Ilbtrm. supportaiL MCcpacom 0 www.RIVICcepa.com ggeMBEIM <br /> Rim Lauderdale,Raga <br /> 0 <br />