Grau & Assoc. - Laserfiche WebLink

Home Browse Search

El Phase lll: Reporting This phase of the audit is divided into 3 steps: Step 1: Financial Reporting — During this step, the audit team will complete the tasks related to financial reporting, including drafting the CAFR. We ensure that we perform procedures through the date of our audit report and that all audit procedures are extended, as necessary. Tasks to be performed include: • Final analytical review procedures • Review and inquires for subsequent events, contingencies and commitments • Update to attorney's letter and minutes Step 2: Management Letter — As each potential management letter point is All potential comments will be reviewed with your key identified in the audit process, the audit team will document the condition and staff members before our recommendation, and the benefits of the recommended action. Any issuance. It isour firm critique of operations will be confidential and constructive. We do not policy that the recommend change for the sake of change. All recommendations must be Management Letter tea vehicle for suggesting cost effective, simple to effectuate, and will take into account why the improvement to our clients deficiency occurred. Further, we pledge to assist you in identifying and solving to enhance efficiency and problems before they become critical. Our audit team's diverse experience, management and their independent and objective views, ensures valuable and meaningful effectiveness. comments, observations, and conclusions. Step 3: Audit Reports — The final step in our audit involves the preparation and review of the various audit reports. All of our financial audits go through a stringent independent and technical review. A closing conference will be held with the City's management, to review all the draft reports and make any financial revisions before issuing the final reports. The above 3 phases of this engagement will be completed so that your reports will be issue by your deadline as outlined in the RFP. 1 ➢ Level of staff to be assigned to each proposed segment of the engagement Partner Manager Senior Staff Total Preliminary Planning 15 20 10 45 Perform Audit Plan 70 70 40 180 Completion and Delivery 15 20 10 45 Total 30 110 90 40 270 Our commitment to serve you is the driving force in forming the strongest audit team of professionals in order to bring you the highest level of governmental expertise of any firm in our area. Grau &Associates is committed to the governmental sector and our governmental practice accounts for approximately 98% of our firm's revenue. Needless to say, governmental audits are not "fill-in" work at Grau, like it is for other firms, and we would not respond to the RFP if we did not have the staffing and resources to fully comply with your needs. ➢ Sample size and the extent to which statistical sampling is to be used in the engagement Our sampling procedures performed during the audit engagement will be identified during the planning stage of the audit and will be coordinated with other audit procedures to ensure a timely and efficient audit. 16