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I MSLMOORE STEPHENS LOVELACE CPAs& ADVISORS iPlanning—Internal Controls—Compliance Engagement Administration and Planning • Make preliminary assessments of the City, its • Document our understanding of all financially environment, and its internal controls. significant laws and regulations and identify any I • Update systems documentation and permanent file new laws or regulations that require audit testing. information. • Identify new or modifications to the existing inter- • Review status of the prior-year audit local agreements. I recommendations or findings, if any, and ascertain • Discuss with management the implementation of whether they were appropriately resolved. recent GASB pronouncements and determine • Identify all federal and state financial awards applicability of pending matters. I programs, and evaluate if either a federal or state Single Audit is required (part of work plan, but do not anticipate any.) IEvaluation of Entity and Internal Controls • Obtain and document our understanding of the • Identify specific compliance requirements related I City, its environment, internal controls, to bond resolutions, ordinances and Florida organizational structure,and operating Statutes. characteristics. • Perform testing of controls over areas deemed to I • Evaluate organization, personnel and financial practices. have financial significance.These generally include testing of cash disbursements, cash • Document existing electronic data processing receipts, utility billing,journal entries, contracts, (EDP) controls, and evaluate adequacy of the etc. Iphysical security environment, including business continuity(disaster recovery) planning. • Evaluate financial reporting systems and 1 administrative monitoring capabilities. Design preliminary tests on controls for compliance with prescribed systems. IMinutes, Contracts and Resolutions • Review minutes of meetings of the City Commission • Design tests of controls for compliance with I and prepare an abstract of information relevant to applicable laws and regulations and the Rules of the audit of the financial statements. the Auditor General of the State of Florida. • Obtain data concerning outstanding contractual • Develop a compliance work program and I commitments, if any,for financial statement it into the overall audit plan. disclosure adequacy. I Budget • Document budgetary process and confirm • Review authorization and impact of interim compliance with applicable local ordinances, budget amendments, if any. 1 procedures and regulations. I I ' zs1