Alberni Caballero & Fierman, LLP

Home Browse Search

I I City of Sunny Isles Beach II I = I — I I 1 M l I I I = l - I IIIIIIIIIIIIIIIIIIIIIIIIIIIIIII111111I111111111IIIIIIIIIIIIIll IIIIII1111111111111111111111111111111111111111111 Iregulations,and substantive testwork. Sampling ben are trained on new software and are skilled in a wide va- methodology determination, i.e., statistical, or riery of computerized applications. I non-statistical, random, systematic or judgmental An important component of our audit is the review of IS selection method, etc., will be based on the auditor general controls.We understand that the effectiveness of many experience and judgment. client control procedures is dependent on reliable computer- generated data which result from proper IS general controls. I Description Of Procedures To Be Used To Therefore, we will analyze these controls to determine the Ensure The Accuracy Of The Statistical and/or adequacy of the internal control environment. Nonstatistical Samples Our IS expertise,combined with extensive auditing and con- ToI ensure that samples selected for attribute testing suiting experience mean that we understand the technical in- (tests of controls and compliance) and variable testing tricacies of complex information systems in the context of (tests of details/substantive testwork)are"accurate",or valid, real-world application. all samples will be reviewed and evaluated to ensure that items I selected are: Utilizing this expertise we will be able to: • Representative of the population so that characteristics of the sample can be reasonably projected to the • Evaluate IS general controls within the computer I entire population environment; • Of adequate size based on internal controls,tolerable • Document critical transaction processing systems; error, expected deviations, acceptable confidence • Identify key processes and controls within these I levels,etc. transaction processing systems; • From a complete population • Evaluate the effectiveness of identified controls; • Advise the audit team on results of the evaluation Experience In Information Systems And and effect on planned audit procedures; I Technology and Extent of Use of EDP Software • Design, develop and execute computer-assisted audit in the Engagement techniques using computer audit software packages; Our approach to auditing integrates traditional auditing tech- • I piques with a total system concept.We are actively committed Assess the internal controls to using computer-based audit techniques. We have assigned an IT Specialist to assist in this process, Our knowledge of information systems(IS)and the use of pa- see page 10 for his biography. I perless audit software yield significant savings in the time re- quired to complete an audit. Approach To Be Taken In Completing Today's marketplace provides firms, large and small, The Single Audit(If required in any year) national and local, with sophisticated computer-aided Our objective in this area is to perform a single audit which I audit tools necessary to perform data analysis and report gen- meets the needs of the grantor agencies and the eration. requirements of OMB A-133. A client's IS environment influences the nature,timing,and In order to achieve this objective, we follow the following extent of planned auditing procedures. Because most of our techniques: I clients utilize computerized accounting systems. our profes- sional team is experienced with various IS systems. Planning and Supervision • Inquiry of management regarding identification of I As computers have become more integral to the financial the grants subject to single audit management system,we have met the challenge by incorpo- • Review of grant documents rating new audit techniques into the audit process.Staff mem- • Review of OMB Circular A-133 Compliance Supplement I1111111111111111111111111111111111111111111111111111 III 111111111111111111111111111111111111111111111111111111111 Proposal for Professional Auditing Services Alberni Caballero&Fierman, LIP Ipage 22 I