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0 <br /> Tentative Schedule <br /> Audit Phase and Tasks Aug/ Oct/ Dec I <br /> Oct Dec Feb <br /> Planning Phase 1 <br /> Planning discussions with financial management <br /> Understanding the entity and environment <br /> Develop understanding of internal controls & systems <br /> Perform information technology evaluation &follow-up <br /> Conduct tests of internal controls and systems <br /> Perform preliminary analytical procedures& respond to variances <br /> Conduct risk assessments <br /> Develop audit plan <br /> Review and finalize audit plan <br /> II. Execution of Audit Plan <br /> Design and perform analytical reviews on procedures <br /> Perform substantive tests of account balances <br /> Perform compliance testinq of transaction classes <br /> Conduct Single Audit Testing; if applicable <br /> Review subsequent events, contingencies & commitments <br /> Review preliminary results with financial management <br /> III. Completion and Delivery <br /> Perform final analytical procedures <br /> Review the financial statements <br /> Hold audit exit conference with financial management <br /> Issue opinion letter on financial statements <br /> Issue internal control, compliance letter& Single Audit reports (if <br /> applicable) <br /> Issue management letter <br /> The City to provide responses to management comments and <br /> Single Audit findings; if applicable <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 1 <br /> 22 <br />