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RFP No. 10-06-01 Auditing Services
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GLSC & Co.
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Last modified
11/8/2010 1:27:11 PM
Creation date
11/8/2010 1:27:00 PM
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CityClerk-Bids_RFP_RFQ
Project Name
Professional Audit Services
Bid No. (xx-xx-xx)
10-06-01
Project Type (Bid, RFP, RFQ)
RFP
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<br />... <br /> <br />~ <br /> <br />~ <br /> <br />APPENDIX" - QUALITY CONTROL REVIEW <br />(Continued) <br /> <br />I <br /> <br />HB <br /> <br />HEVIA, BEAGLES & COMPANY, P. A. <br />PROFESSIONAL CONSULTING GROUP <br />CERTIFIED PUBLIC ACCOUNTANTS <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />November 7, 2007 <br /> <br />I <br /> <br />To the Owners <br />GLSC & Company, PLLC <br />f/k/a BKR Garcia & Company, PLLC <br /> <br />I <br /> <br />We have reviewed the accounting and auditing practice of GLSC & Company, PLLC (the firm) <br />for the year ended June 30, 2007, and have issued our report thereon dated November 7,2007. <br />That report should be read in conjunction with the comments in this letter, which were considered <br />in determining our opinion. The matters described below were not considered to be of sufficient <br />significance to affect the opinion expressed in that report. <br /> <br />I <br /> <br />1. Comment - Newly issued professional standards require documentation of independence <br />considerations when providing non-attest services to an attest client. The firm has established <br />policies and procedures to safeguard independence, but has not established a policy for <br />documenting those considerations on compilation and review engagements. As a result, such <br />independence considerations were generally not documented on those engagements. <br /> <br />I <br /> <br />Recommendation - The firm should adopt a policy requiring this documentation and should <br />hold a training session for all staff to familiarize them with these requirements. Compliance <br />with this requirement should be evaluated during the firm's next annual inspection. <br /> <br />I <br /> <br />I <br /> <br />\.l~~~O,~~ <br />Cortifi'" P'~n_ .0- <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />I <br /> <br />. <br /> <br />I <br />
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