Alberni Caballero & Fierman, LLP

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I I City of Sunny Isles Beach II= I II l M l I I l = l I IIII111111111111111111111 ii Illlllllllll111111 11111lllllll11111111111i111111111111III li 111111111111111111111111 1 7.AUDIT APPROACH Required Standards: Scope of Services The Firm's audit will be performed in accordance with the I Based on our understanding of the expectations and following requirements,as applicable: requirements of the City as set forth in the request for proposal,the following is a summary of the scope of our •Statements on Auditing Standards issued by the AICPA work. All work will be completed in the timeframe •Government Auditing Standards,issued by the specified in the request for proposal. Comptroller General of the United States •Codification of Governmental Accounting and Audit of the City's Financial Statements Financial Reporting Standards,as promulgated by the I The Firm will perform an audit of the basic financial Governmental Accounting Standards Board. statements of the City for the fiscal years ending September Governmental ▪ and Accounting Guide,State and Local 30, 2015.The objective of the audit is the expression of an Governments,as published by the American Institute opinion that the financial statements are fairly presented in of Certified Public Accountants(AICPA) I all material respects,and in conformity with accounting prin- ciples Statements and interpretations issued by the Financial generally accepted in the United States. Accounting Standards Board The Firm will issue the following in accordance with •Florida Statutes, Chapter 189 and 11.45 Government Auditing Standards: •Florida Statutes,Section 218.39 •Rules of the Auditor General, State of Florida, •Report on the fair presentation of the basic financial •State of Florida Department Financial Services I statements as a whole in conformity with accounting •OMB Circular No.A-133,Office of Management principles generally accepted in the United States. and Budget,Audits of the States, Local Governments •Report on internal control over financial reporting and and Non-Profit Organizations issued in the United States 1 on compliance with laws and regulations and other matters based on an audit of •United States Single Audit Act, (Section 215.97, financial statements per Florida Statutes)and Chapter 270-1, Rules of the formed in Accordance with Government Auditing Executive office of the Governor) Standards. •All other applicable provisions of rules,regulations, 1 •Management letter in accordance with the Rules of the Auditor General of the State of Florida. statutes or orders which may pertain to the engagement. Monitoring and Communication The Firm will report the following information to the IWe will also provide technical assistance to ensure City Commission: City's Comprehensive Annual Financial Report meets all •The auditor's responsibility under generally accepted requirements of the GFOAs Certificate of Achievements auditing standards and Government Auditing Standards for Excellence in Financial Reporting. •Significant accounting policies I Each year,we will also review the financial report filed •Management's judgments and accounting estimates by the City with the Department of Financial Services, •Significant audit adjustments pursuant to Section 2018.32, Florida Statutes,to verify that •Other information in documents containing audited I it is in agreement with the audited financial statements. financial statements •Disagreements with the management •Management consultation with other accountants I •Major issues discussed with management prior to retention •Difficulties encountered in performing the audit. I1111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 Proposal for Professional Auditing Services Alberni Caballero&Herman, LLP Ipage 16